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.
interest deduction - Investment & Finance Definition
Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
Used by arrangement with John Wiley & Sons, Inc.
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"interest deduction." YourDictionary, n.d. Web. 15 January 2019. <https://www.yourdictionary.com/interest-deduction>.
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interest deduction. (n.d.). Retrieved January 15th, 2019, from https://www.yourdictionary.com/interest-deduction
