paid interest

USAGE SUMMARY

The phrase "paid interest" is correct and usable in written English.
It can be used in financial contexts to refer to the interest that has been paid on a loan or investment. Example: "After reviewing my bank statement, I noticed that I had paid interest on my mortgage last month."

✓ Grammatically correct

News & Media

Academia

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

Scotia has since paid interest of £537.3m on these loans.

Independent

And the company paid interest on the debt it owes to me totaling $35,484.

The New York Times

Hotel Chocolat, a confectioner, issued its first bonds in 2010, which paid interest in chocolate.

The Economist

Then the Fed paid interest on those reserves to help keep them on bank balance sheets.

The New York Times

The firm disgorged that amount, plus it paid interest and a one-time penalty.

The New York Times

Those securities, in turn, paid interest which was used to repay the banks for their loans.

The New York Times

The debentures paid interest rates of 5.75percentto8.75percentcent, depending on when they matured.

The New York Times

They note that historically the Fed never paid interest on reserves, but in October 2008 it began doing so.

The New York Times

The Resorts casino loan had not paid interest for two years before the final loss was recorded.

The New York Times

Until now it has not paid interest on those deposits, which means banks lend their excess reserves to other banks.

The Economist

Since 2008 the Fed has paid interest on reserves in order to maintain control of interest rates.

The Economist

Expert writing Tips

Best practice

To strengthen the impact of your writing, replace "paid interest" with words that may fit better depending on the purpose, such as "interest was remitted" when writing more formal texts.

Common error

Avoid using incorrect tenses with "paid interest". For example, using "payed interest" is grammatically incorrect; the correct past tense of "pay" is "paid".

Linguistic Context

The phrase "paid interest" functions primarily as a verb phrase describing a completed action. It indicates that an entity has fulfilled its obligation to pay interest on a debt or investment. Ludwig provides numerous examples illustrating its use in financial and general contexts.

Expression frequency: Very common

Frequent in

News & Media

42%

Academia

30%

Formal & Business

28%

Less common in

Science

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

The phrase "paid interest" is a common and grammatically correct term used to describe the action of fulfilling an interest payment obligation. Ludwig confirms its validity and common usage across various contexts, primarily in news, academic, and formal business settings. It's crucial to use the correct past tense form ("paid" not "payed") and ensure accurate reporting by including details such as amounts and dates. When a more formal tone is needed, alternatives like "interest was remitted" can be considered. Overall, "paid interest" is a reliable phrase for discussing financial transactions.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

interest was paid

Passive voice construction focusing on the interest rather than the payer.

interest has been paid

Present perfect passive voice, emphasizing the completed action of paying interest.

remitted interest

A more formal term for paying interest, often used in financial contexts.

disbursed interest

Focuses on the act of distributing the interest amount.

settled interest

Implies the interest has been fully addressed and resolved.

interest was remitted

Passive voice version of 'remitted interest'.

interest cleared

Indicates that the interest payment has been processed successfully.

interest obligation fulfilled

Highlights the completion of the interest payment obligation.

serviced the debt

A broader term that encompasses paying interest as part of managing debt.

cleared interest payments

Emphasizes the completed clearing of the interest payments.

FAQs

How can I rephrase "paid interest" to sound more formal?

For a more formal tone, you could use alternatives such as "interest was remitted" or "interest has been paid", which are often used in financial or legal contexts.

What is the difference between "paid interest" and "accrued interest"?

"Paid interest" refers to interest that has already been paid, while "accrued interest" is interest that has accumulated but has not yet been paid. For example, you might say "I "paid interest" on my loan this month", but "accrued interest" on my savings account.

Is it correct to say "payed interest" instead of "paid interest"?

No, "payed interest" is incorrect. The past tense of "pay" is "paid", so the correct phrase is ""paid interest"".

In what contexts is it most common to use the phrase "paid interest"?

The phrase ""paid interest"" is commonly used in financial discussions, accounting reports, and legal documents to describe the act of settling an interest obligation on a loan, bond, or other financial instrument.