indenture (third-person singular simple present indentures, present participle indenturing, simple past and past participle indentured) To bind a person under such a contract. To indent; to make hollows, notches, or wrinkles in; to furrow. Though age may creep on, and indenture the brow. Derived terms . indenturedness; indentured servant; indentureship
The charge for the use of borrowed money. interest income. The income a person receives from certain bank accounts or from lending money to someone else. taxable interest income. Interest income that is subject to income tax. All interest income is taxable unless specifically excluded.
What is interest expense? Interest expense is the cost of debt that has occurred during a specified period of time. To illustrate interest expense under the accrual method of accounting, let's assume that a company borrows $100,000 on December 15 and agrees to pay the interest on the 15th of each month beginning on January 15. The loan states that the interest is 1% per month on the loan balance.