accrued interest

noun

1. interest accumulated at a given time but not yet due or paid.

Example Sentences

TVR did not respond to a request for comment, but the company has previously confirmed that it had repaid its £2m loan to the Welsh government along with accrued interest.

From BBC

They included waiving some accrued interest for borrowers whose balances had grown higher than their original debt, generally because their payments hadn’t covered the accumulated interest — an issue that affects more than one-third of all student borrowers, and two-thirds of Black borrowers.

From Los Angeles Times

It would offer loan relief to five categories of borrowers, including those who have amassed large sums of accrued interest, those who have been paying loans for decades, and those who face financial hardship.

From Seattle Times

Mr. Biden is expected to preview new regulations by the Education Department targeting millions of borrowers, including those whose loans have ballooned because of accrued interest and others who can demonstrate financial hardship impeding repayment, according to the person, who spoke on the condition of anonymity because the regulations have not yet been formally proposed by the department.

From New York Times

This plan addresses the biggest drivers of the student debt crisis—small loan balances and accrued interest.

From Slate