Definition of interest rate in English:

interest rate

Line breaks: inter|est rate

noun

  • The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding: reduced interest rates encourage people to spend money on home improvements an interest rate of 10 per cent
    More example sentences
    • The record inflation sparked off speculation on a possible spike in interest rates.
    • Nobody can guarantee what interest rates will do in the future.
    • Fixed rate mortgages carry a constant interest rate for the life of the loan, usually 15 or 30 years.

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Word of the day kerf
Pronunciation: kəːf
noun
a slit made by cutting with a saw