Define: INTEREST PAID

How is INTEREST PAID defined in a legal contract?

• INTEREST PAID means the total of all regular or periodic costs and charges associated with interest, including those related to finance leases and hire purchase obligations.
  Seen in 4 SEC filings
• INTEREST PAID means the total of all interest, fees, charges, and related expenses paid for a specific fiscal period in relation to borrowed money or the deferred purchase price of assets, as accounted for in accordance with Generally Accepted Accounting Principles (GAAP).
  Seen in 2 SEC filings
• INTEREST PAID means the amount paid, excluding the repayment of principal, on any borrowings, including both short and long term loans, leases, and overdrafts.
  Seen in 1 SEC filing
• INTEREST PAID means the total of all interest amounts paid in relation to a specific note from a given start date to the scheduled maturity date.
  Seen in 1 SEC filing
• INTEREST PAID means all interest payable by the borrower, minus interest received on cash deposits and credit balances.
  Seen in 1 SEC filing.

Each of these definitions is concise, uses plain English, and holds a clear meaning.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for ‘Definitions of interest paid’ yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

INTEREST PAID means the total costs related to interest, excluding principal repayment, applicable to any form of borrowings and financial obligations.

Relevant Contract Types

• Loan Agreement
• Mortgage Agreement
• Lease Agreement
• Credit Agreement

Relevant Circumstances

• Taking out a loan for business or personal purposes.
• Entering into a mortgage agreement for purchasing property.
• Leasing equipment or property for commercial use.
• Opening a credit account with a bank or credit institution.

Relevant Sectors

• Banking
• Real Estate
• Finance
• Retail

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Genie Definition 2

INTEREST PAID means all charges paid within a fiscal period related to borrowed resources, adhering to the Generally Accepted Accounting Principles (GAAP).

Relevant Contract Types

• Loan Agreement
• Line of Credit Agreement
• Bond Issuance Agreement

Relevant Circumstances

• Issuing bonds or other debt securities.
• Establishing a line of credit with a bank or other financial institution.
• Borrowing a lump sum amount under a loan agreement.

Relevant Sectors

• Banking
• Corporate Finance
• Investment Banking
• Securities and Exchange

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