interest income
Definition
The term that companies use on their income statement for reporting the interest earned on cash temporarily held in savings accounts, certificates of deposits, or other investments. Because the interest wasn't part of the original investment, they record it separately, as interest income.
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Related terms:
net interest margin, tax schedule, dual-purpose fund
'interest income' appears in these other terms:
net interest income
'interest income' appears in the definitions of these other terms on BusinessDictionary.com: pre-tax debt service coverage, post tax debt-service coverage, prepayment penalty, non-operating asset, discounted cash-flow (DCF), and 
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