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Definition Of Interest Deduction:

interest deduction The reduction in taxable income from the payment of interest on borrowed funds that may be declared on tax returns.
Individuals are permitted to deduct mortgage interest and interest on funds used for investment purposes, but only when deductions are itemized. Interest on consumer loans is not permitted as a deduction. Businesses are permitted to deduct nearly all interest expenses.

Other Definition Of Business Terms:

Interest Group
Interest-only
Interest Rate
Interest Rate Future
Interest Rate Option
Interest Rate Risk

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