I meaning in Accounts and Finance ?

Answer:

What is Interest mean?

Interest, in finance and economics, is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. It is distinct from a fee which the borrower may pay the lender or some third party. It is also distinct from dividend which is paid by a company to its shareholders (owners) from its profit or reserve, but not at a particular rate decided beforehand, rather on a pro rata basis as a share in the reward gained by risk taking entrepreneurs when the revenue earned exceeds the total costs.

For example, a customer would usually pay interest to borrow from a bank, so they pay the bank an amount which is more than the amount they borrowed; or a customer may earn interest on their savings, and so they may withdraw more than they originally deposited. In the case of savings, the customer is the lender, and the bank plays the role of the borrower.

Interest differs from profit, in that interest is received by a lender, whereas profit is received by the owner of an asset, investment or enterprise. (Interest may be part or the whole of the profit on an investment, but the two concepts are distinct from each other from an accounting perspective.)

The rate of interest is equal to the interest amount paid or received over a particular period divided by the principal sum borrowed or lent (usually expressed as a percentage).

Compound interest means that interest is earned on prior interest in addition to the principal. Due to compounding, the total amount of debt grows exponentially, and its mathematical study led to the discovery of the number e. In practice, interest is most often calculated on a daily, monthly, or yearly basis, and its impact is influenced greatly by its compounding rate.

reference

Full Form	Category
Ice	Academic & Science
Idiosyncratic	Academic & Science
Interest	Accounts and Finance
Innovation	Business
Inlay	Business
Iodine	Chemistry
Intercession	Community
Intra (Q6/16, VCEG)	Computer and Networking
In	Computer Hardware
Incinerator	Computing
Insecure	Computing
Intensity	Electronics
Inclusive	Electronics
Amperage	Electronics
Information	Email
Phase Vocorder Analysis Data	File Type
Borland C Preprocessor, Preprocessor Output File	File Type
Incubate	General
Identical	Governmental
Intimidated	Governmental
Inebriation	Governmental
Integrity	Governmental
Intersection	Governmental
Internationalism	Governmental
Inălţime	International
SERIOUS INJURY - SEND DOCTOR	International
Inaltime	International
Inverted	Maths
Roman Numeral 1	Maths
Irritant	Medical
Irresistible	Messaging
Individual	Military and Defence
Intelligence Fusion (integrator)	Military and Defence
Independent	Military and Defence
Immediate	Military and Defence
Input	Networking
Integrated	Softwares
Injection	Space Science
Inertia	Space Science
Inner	Space Science
Irradiated	Space Science
Ineligible	Sports
Interference	Sports