receipt of interest

USAGE SUMMARY

The phrase "receipt of interest" is correct and usable in written English.
It can be used in contexts related to finance or legal matters, typically referring to the acknowledgment or confirmation of receiving interest payments. Example: "The bank sent a formal letter confirming the receipt of interest for the loan."

✓ Grammatically correct

News & Media

Science

Academia

Human-verified examples from authoritative sources

Exact Expressions

9 human-written examples

Sharia law governs how Muslims invest, and under its strict regulations the payment or receipt of interest is forbidden meaning that conventional mortgages are unsuitable.

The Guardian - Money

The facility - an alternative to a traditional mortgage - conforms with Islamic law, which forbids both the payment and receipt of interest.

The Guardian - Business

The account has been designed to comply fully with Islamic law, or sharia, which forbids the payment and receipt of interest, or riba.

The Guardian - Money

The guiding principle in Islamic finance is that money itself has no intrinsic value, and payment and receipt of interest (riba) is forbidden under sharia law.

The Guardian - Money

Islamic law prohibits, for example, receipt of interest from lending money, though there are methods of adapting that rule to modern transactions.

The New York Times

Sharia law prohibits the payment of interest on loans or overdrafts, or the receipt of interest, and also prevents investment in certain categories including defence, adult entertainment and gambling.

The Guardian - Business

Human-verified similar examples from authoritative sources

Similar Expressions

51 human-written examples

The taxes may have adverse effects upon incentives, while receipt of the interest will provide no offset to these adverse effects.

Encyclopedia Britannica

The receipt of carried interest by the fund manager and its individual principals will often be a taxable event for them.

Forbes

Companies and brokers can engage in transactions related to the receipt and processing of interest or principal payments, and acting as a custodian for U.S. and foreign holdings in PDVSA securities, including acting as a custodian for a foreigner or foreign entity after that person has received the PDVSA securities from an American in a divestment transaction.

Forbes

From DLI administrative data, we will obtain the number of days of wage replacement benefits for injury-related inability to work ("work disability duration") in the year after claim receipt (primary outcome of interest) and information concerning whether or not the worker is still receiving work disability (wage replacement) benefits (secondary outcome) one year after claim receipt.

BMC Musculoskeletal Disorders

Within 30 days of receipt of an expression of interest by a priority purchaser, the Secretary shall provide such purchaser with information on the assistance available from the Federal Government to facilitate a transfer and the owner shall provide appropriate information on the housing, as determined by the Secretary.

Cornell University

Expert writing Tips

Best practice

When discussing financial transactions, be precise: use "receipt of interest payment" to clarify that you are referring to the reception of an interest payment, not just a general interest in something.

Common error

Avoid using "receipt of interest" in contexts where you mean someone has an interest in something (e.g. a topic). Instead, reserve it for discussions about financial transactions and payments.

Linguistic Context

The phrase "receipt of interest" functions as a noun phrase, typically acting as the subject or object of a sentence. It signifies the action or event of receiving interest, as supported by Ludwig's examples across various domains.

Expression frequency: Uncommon

Frequent in

News & Media

40%

Science

35%

Academia

25%

Less common in

Encyclopedias

0%

Wiki

0%

Formal & Business

0%

Ludwig's WRAP-UP

In summary, "receipt of interest" is a grammatically sound noun phrase used to describe the action of receiving interest payments, primarily in financial and legal contexts. As Ludwig AI indicates, it's more common in news, science, and academic writing, suggesting a formal or neutral register. While alternatives like "interest received" and "interest payment received" exist, "receipt of interest" is suitable for precise, formal communication. When using the phrase, ensure the context clearly indicates a financial transaction to avoid ambiguity with general interest.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

interest received

Reverses the order of the words for a more concise expression.

interest payment received

Specifies that it is a payment of interest being received, adding clarity.

collection of interest

Emphasizes the action of collecting interest, suitable when focusing on the process.

obtaining interest income

Focuses on the income aspect of receiving interest, useful in financial contexts.

interest earnings received

Highlights the earnings aspect, suitable for investment discussions.

accrual of interest

Shifts the focus to the accumulation of interest rather than the act of receiving it.

acceptance of interest payments

Highlights the acceptance of the interest payment.

realization of interest

Emphasizes the actualization of interest as a tangible benefit.

deriving interest income

Focuses on the derivation of income from interest, useful in broader financial discussions.

income from interest

Simplifies the expression to denote income specifically generated from interest.

FAQs

How is "receipt of interest" used in financial contexts?

In finance, "receipt of interest" typically refers to the act of receiving payment for interest earned on an investment, loan, or deposit. It is often used in formal or legal documentation to confirm that the interest has been received.

What are some alternatives to "receipt of interest"?

You can use alternatives like "interest received", "interest payment received", or "collection of interest" depending on the context.

Is it correct to use "receipt of interest" in formal writing?

Yes, "receipt of interest" is a correct and usable phrase in formal writing, especially in financial or legal contexts where precise language is important. It clearly indicates the act of receiving interest payments.

What's the difference between "accrual of interest" and "receipt of interest"?

"Accrual of interest" refers to the accumulation of interest over time, whereas "receipt of interest" refers to the actual act of receiving the interest payment. Accrual is about earning, while receipt is about getting paid.