When your computers donât work, you donât work. Thatâs where IT specialists come in. Information technology specialists rescue you when your computers freeze and work behind the scenes to prevent problems before they crop up. Youâll succeed as an IT specialist if youâre dependable, patient and technically savvy.
DEFINITION of 'Non-Controlling Interest'. An ownership stake in a corporation where the held position gives the investor no influence on how the company is run. The majority of investor positions are deemed to be a non-controlling interest because their ownership stake is so insignificant relative to the total number of outstanding shares.
DEFINITION of 'Interest Expense'. The cost incurred by an entity for borrowed funds. Interest expense is a non-operating expense shown on the income statement. It represents interest payable on any type of borrowings â bonds, loans, convertible debt or lines of credit. It is basically calculated as the interest rate times the outstanding principal amount of the debt. Interest expense on the income statement represents interest accrued during the period covered by the financial statements, and not the amount of interest actually paid over that period.