indenture (plural indentures) (law) A contract which binds a person to work for another, under specified conditions, for a specified time (often as an apprentice). (law) A document, written as duplicates separated by indentations, specifying such a contract. An indentation. (Can we add an example for this sense?) Translations
What it is: Interest expense is the cost of money. Interest expense is recorded on the income statement. Let's assume you need $500,000 to buy a house. The price of borrowing that money is interest, and it is expressed as a percentage of the amount of money you obtain.
non-interest expense. Definition. For a bank, an expense not associated with attracting and keeping depositor's funds. The non-interest expenses include almost all operating and overhead expenses such as salaries and employee benefits, unemployment tax, insurance, operation and maintenance of facilities, equipment, furniture, and vehicles. â It would be a non-interest expense for the bank and I was not too worried about it cause the bank was really cool. â.