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interest rate

Syllabification: in·ter·est rate

Definition of interest rate in English:

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 percent
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.

Definition of interest rate in:

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