Interest Rate
Noun
US
/ˈɪntrəst reɪt/
UK
/ˈɪntrəst reɪt/
US
/ˈɪntrəst reɪt/
UK
/ˈɪntrəst reɪt/
The percentage charged on a loan or paid on an investment over a period.
Interest Rate plays a key role in banking operations and personal borrowing decisions.
Also known as: Rate, Cost of Borrowing. Closely related to APR, Repo Rate.
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Interest Rate - key concept in Banking & Interest.
Loans; Savings; Monetary policy
Applied in Banking & Interest contexts: Loans; Savings