Definition
Interest refers to the cost of borrowing money, typically expressed as a percentage rate, paid by the borrower to the lender for the use of funds.
Related Services
Financial consulting, loan management, and banking services help businesses manage interest expenses and optimize their borrowing strategies.
Problem and Application
Interest rates can vary depending on market conditions and a company's creditworthiness, affecting borrowing costs and financial planning.
Conclusion
Interest is a key factor in financial management, and companies need to monitor rates and borrowing terms to minimize costs and improve profitability.
