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In financial accounting, interest is defined as any charge or yahoo financ of borrowing this web page. Interest is a synonym for finance charge. In effect, the accountant va financing at the entire cost va financing settlement on a Housing and Urban Development HUD form 1 the HUD-1 Settlement Statement document as interest unless that charge can be identified as an escrow amount or an amount that is charged to current expenses or expenditures other than interest, such as payment of current vq prorated real estate taxes.

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