interest income


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.

Use interest income in a sentence

On the monthly deposit statement they noticed they earned 4 dollars in interest income. It was only one percent, but it was still extra money.

​ Was this Helpful? YES  NO 12 people found this helpful.

You should try and make as much interest income as you can so that you have something coming in always.

​ Was this Helpful? YES  NO 7 people found this helpful.

I wondered what our interest income would be for that year and I learned it that day and was pretty stunned with what I found.

​ Was this Helpful? YES  NO 3 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
certificates of automobile receivables (CAR) 1040-EZ Form