What does Accrued Interest mean? Read on to discover the definition & meaning of the term Accrued Interest - to help you better understand the language used in insurance policies.
Accrued interest is an accounting term that refers to interest on a loan that has accumulated over time but has not yet been collected. The lender notes it as revenue, while the borrower regards it as a liability.
We hope the you have a better understanding of the meaning of Accrued Interest.