also : interest computed at such a rate awarded the defendant legal interest compare usury — qualified residence interest : interest that is deductible from adjusted gross income under federal tax law when it is paid on debt that is secured by one's residence and that was incurred for ...
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.
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
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.
interest rate in Loans topic From Longman Dictionary of Contemporary Englishˈinterest ˌrate noun [countable] the percentage amount charged by a bank etc when you borrow money, or paid to you by a bank when you keep money in an account thereExamples from the Corpus...
banks will tend to assign a higher interest rate torevolving loans such as credit cards, as these types of loans are more expensive to manage. Banks also charge higher rates to people they consider risky; The higher your credit score, the lower the interest rate you will have to pay.4...
Definition:Interest Rate Options Contract Type Jurisdiction Country Include Keywords Exclude Keywords Additional filters are available in search Open Search Use ofInterest Rate Optionsin a Clause Interest Rate Options. Has the meaning set forth in Section 2.03(b) --- hereof. Sample 1Sample 2Sample...
It's important to understand the meaning of interest rates to understand the definition of real interest rates. An interest rate is the amount of money a lender charges a borrower for lending them the money. It's considered the lender's right to charge the borrower as they are essentially ...
One widely used measure to determine the interest rate sensitivity is the effective duration. For example, assume a bond mutual fund holds 100 bonds with an average duration of nine years and an average effective duration of 11 years. If interest rates rise instantaneously by 1.0%, the bond fu...
rate on a $300,000, 30-year mortgage with a5/1 hybrid ARM. Their monthly payments are $1,347 during the first five years of the loan, but those payments will increase or decrease when the rate adjusts based on the interest rate set by the Federal Reserve or another benchmark index. ...