Reviewed by David Kindness Fact checked by Vikki Velasquez An accrual has occurred but has not yet been paid for. This can ...

Interest expense is a general term used to describe the cost of borrowing money. It can have slightly different meanings depending on the context, but in corporate finance, interest expense is ...

Compound interest expenses can add up quickly when you're ... while compound interest can be accrued at any time interval. Focusing on savings and investments, simple interest is more common ...