due interest

USAGE SUMMARY

The phrase "due interest" is correct and usable in written English.
It can be used in contexts where you are referring to the interest that is owed or expected, often in financial or legal discussions. Example: "The company is required to pay the due interest on the loan by the end of the month."

✓ Grammatically correct

News & Media

Formal & Business

Science

Human-verified examples from authoritative sources

Exact Expressions

5 human-written examples

Some businesses might be due interest because of the late checks, or might request more compensation because of the disruption.

The New York Times

He issued an order that would prevent its government from servicing the debt of the investors who had participated in its restructuring unless it also made a lump-sum payment to the hold-outs for the entire value of their claim: the full face value of their bonds plus all past due interest.

The Economist

On its face, that would make restructuring sovereign debt sold in New York impossible, since no one could be paid without 100% participation in a swap.The lower-court judge had ruled that pari passu required Argentina to satisfy Elliott's entire demand of full face value plus 11 years of past due interest.

The Economist

The plaintiffs are seeking wages due, interest and liquidated damages plus interest.

TechCrunch

The proposal excludes past payments on warrants linked to economic growth and pays past due interest with 8.75percentt bonds due 2017.

Huffington Post

Human-verified similar examples from authoritative sources

Similar Expressions

51 human-written examples

The government has pledged to take into account up to $22.5 billion in past-due interest when calculating repayments, giving in to a central demand of thousands of creditors who have not received anything on their investment since 2002.

The New York Times

Either way, when it fails to pay up at the appointed time, the fund sues for the full value of the bonds plus past-due interest, which can amount to huge windfalls on the initial investments.

The New Yorker

But if he requires Argentina to pay all of the $1.3 billion demanded by the hold-outs (comprising past-due interest and the face value of the bonds), that would be politically unthinkable.

The Economist

The remaining creditors have tried their luck in the courts.Over the years these "hold-outs" have won a series of judgments in New York ordering Argentina to pay their full claims, including 11 years of past-due interest.

The Economist

After rejecting the country's bond-swap proposal, in 2005, it secured repeated orders from Griesa requiring Argentina to pay the full face value of the plaintiffs' debt plus all past-due interest, a sum that is now approaching one and a half billion dollars.

The New Yorker

But the price of Treasury bonds would remain in the general vicinity of par, and it might even go up if Treasury announced that past-due interest would be paid on all debt at a statutory rate of 8% per annum.

The Economist

Expert writing Tips

Best practice

When discussing financial agreements or legal obligations, use "due interest" to clearly indicate the amount of interest that must be paid by a specific date.

Common error

Avoid using "due interest" when you actually mean the "interest rate". "Due interest" refers to the amount owed, while "interest rate" is the percentage used to calculate the interest.

Linguistic Context

The phrase "due interest" functions primarily as a noun phrase, often acting as the object of a verb or preposition within a sentence. Ludwig AI indicates that the phrase is grammatically correct and commonly used in financial contexts.

Expression frequency: Rare

Frequent in

News & Media

34%

Formal & Business

33%

Science

33%

Less common in

Wiki

0%

Encyclopedias

0%

Reference

0%

Ludwig's WRAP-UP

In summary, the phrase "due interest" refers to the amount of interest that is owed or expected on a financial obligation. Ludwig AI confirms it's grammatically sound and usable, with occurrences in contexts like News & Media, Formal & Business, and Science. When writing, it is crucial to differentiate it from the term "interest rate". Consider alternative phrases like "outstanding interest" or "accrued interest" for nuanced meaning. Being aware of the proper usage of "due interest" ensures clarity in financial and legal communications.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

past due interest

Specifies that the interest payment is overdue.

outstanding interest

Focuses on the interest that remains unpaid.

interest in arrears

Formal way of saying interest that is overdue.

accrued interest

Emphasizes the accumulation of interest over a period.

interest payable

Highlights the liability to pay the interest.

accumulated interest

Focuses on the total interest that has built up.

owed interest

Directly states the obligation to pay interest.

interest owing

Similar to "owed interest", but with a slightly different emphasis.

unpaid interest

Highlights that the interest has not been paid.

interest obligation

Emphasizes the legal or contractual requirement to pay interest.

FAQs

What does "due interest" mean in financial terms?

"Due interest" refers to the amount of interest that is currently owed and payable on a loan, bond or other financial instrument. It represents the cost of borrowing money over a specific period.

How is "due interest" different from the principal amount?

The principal is the original amount of the loan, while "due interest" is the charge for borrowing that principal. Paying "due interest" covers the cost of the loan for a specific period, while paying the principal reduces the overall debt.

What happens if I don't pay the "due interest"?

Failure to pay the "due interest" can lead to penalties, late fees, and potentially default on the loan. This can negatively impact your credit score and increase the total cost of borrowing.

What are some alternatives to saying "due interest"?

Depending on the context, you can use terms like "outstanding interest", "accrued interest", or "interest payable" to convey a similar meaning.