interest deduction

interest deduction definition - finance
Interest that is deducted from income taxes. Corporations can deduct their interest expense as a cost of doing business. Individuals can deduct the interest that they pay on their home mortgage, if they live in the house.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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