Definition: Financial expenditure
Financial expenditure consists of interests paid and similar charges. The interests paid correspond to the remuneration in respect of certain financial assets (deposits, bills, bonds and credits) characterised by the payment at predetermined dates of a fixed percentage of the nominal value of the asset. They comprise mainly of interest on debenture loans (and other types of loans), trade credit and credit of current account creditors, etc. Financial expenditure may also include accrued income agreed with clients and currency losses (losses on exchange markets).