The interest rate is the percent of principal charged by the lender for the use of its money. It impacts the economy by controlling the money supply.
The meaning of RATE OF INTEREST is the percentage usually on an annual basis that is paid by the borrower to the lender for a loan of money.
Interest rate is a term with which citizens in every country across the world are familiar. Terms related to interest rate Base Rate:also called the bank rate. It is the annualized rate offered on overnight deposits by the central bank. Annual Percentage Rate (APR):used to help consumers co...
Define interest rate. interest rate synonyms, interest rate pronunciation, interest rate translation, English dictionary definition of interest rate. Noun 1. interest rate - the percentage of a sum of money charged for its use rate of interest bank disco
“interest-rate”We have one entry that includes the term interest-rate. prime interest rate noun : prime rate See the full definition Word of the Day ambient See Definitions and Examples » Get Word of the Day daily email!Test Your Vocabulary Challenging Standardized Test Words, Vol. 2 ...
Compound interest rate: P [ ( 1 + i )n– 1] For Tracy this read as: X = 20,000 [ 1 + .05 )4– 1] , meaning X = 4,310.125. Thus, Tracy would owe $24,310 at the time of her graduation. Summary Definition Define Interest Rates:Interest rate means the percentage of principal...
An interest rate refers to the amount charged by a lender to a borrower for any form of debt given, generally expressed as a percentage of the principal.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson interest yield theINTERESTpaid on aBONDexpressed as a fraction of the current market price of the bond. For example, a bond offering an interest payment of £...
While the nominal interest rate is the interest rate actually paid on a loan or investment, the real interest rate is a reflection of the change inpurchasing powerderived from an investment or given up by the borrower. The nominal interest rate is generally the one advertised by the institution...
A fixed interest rate is an unchanging rate charged on a liability, such as a loan or a mortgage. It might apply during the entire term of the loan or for just part of the term, but it remains the same throughout a set period.Mortgages can have multiple interest-rate options, including...