Definition, Meaning & Synonyms

interest-paid

noun

ˈɪntrəst peɪd

Definition

The amount of interest money that has been repaid on a loan or debt.

Examples

After five years of repayment, the total interest-paid amounted to $3,000.
This year, the interest-paid on my student loan has increased.

Meaning

Interest-paid refers to the total interest that a borrower has already paid to a lender as part of a loan agreement. This is an essential concept in financial transactions, helping both borrowers and lenders understand the cost of borrowing over time.