INTEREST EXPENSE Definition

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INTEREST EXPENSE is the cost of borrowing funds in the current period. It is shown as a financial expense item within the income statement. An interest expense of zero to <15% relative to operating income, within the consumer products industry, is an indicator of a sustainable competitive advantage.

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CARD is Certificate for Amortizing Revolving Debts; an asset-backed security backed by credit card receivables.

BOOK PROFIT see BOOK INCOME.

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