Definition of interest rate in English:

interest rate

Syllabification: in·ter·est rate


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:

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day fungible
Pronunciation: ˈfənjəbəl
mutually interchangeable...