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TeachMeFinance.com - explain Interest account historic definition... Interest account -- The interest account is the account in which are entered what is paid out as interest and what is received as interest. The interest account of an individual speculator is the charge against him made by the broker for interest on the difference between the margin furnished by him and the cost of the stocks or commodities (grain, cotton or coffee, etc.) bought for him while they are carried (held) for him. The interest account is an important consideration in the operations of a speculator. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.