combined interest and principal due on money borrowedthe payments due under a loan agreement, i.e. interest payable and payments of principal
Recommended Further Reading (Term count)
Borrowing Costs and Capitalization The costs of borrowing are primarily made up of interest and issuance expenses. The interest rate assigned to a particular debt instrument is based on the level of default risk assumed by the investor. Several rating agencies assess the default risk of public debt issuances and provide a rating that is indicative of credit quality. The credit quality is greater for secured/collateralized senior debt than for unsecured subordinated debt issued by...
Understanding Debt Cover This checklist defines what debt cover is and how it is used. It is also sometimes referred to as “times debt covered.”