What does Rate of Interest mean?
Definitions for Rate of Interest
rate of in·ter·est
This dictionary definitions page includes all the possible meanings, example usage and translations of the word Rate of Interest.
Princeton's WordNet
interest rate, rate of interestnoun
the percentage of a sum of money charged for its use
ChatGPT
rate of interest
Rate of interest is a percentage of the principal loan amount that a borrower must pay to the lender as the cost for borrowing money. It is generally articulated as an annual amount (also known as Annual Percentage Rate) and it can be either fixed (remains constant over the period of the loan) or variable (changes based on market conditions). The rate of interest not only compensates lenders for the risk and opportunity cost of lending their money but also impacts the total amount of money a borrower pays back.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of Rate of Interest in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of Rate of Interest in Pythagorean Numerology is: 4
Examples of Rate of Interest in a Sentence
This would offset the impact of a decline in the long-run neutral real rate of interest by giving the( Fed) more' policy space' to respond to adverse shocks.
We will continue to adhere to the risk-free rate of interest.
It would be very unfortunate if, out of solicitude for the banking system, the Fed were to slow down its rate of interest-rate increase beyond what was appropriate given the credit contraction.
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"Rate of Interest." Definitions.net. STANDS4 LLC, 2024. Web. 23 Apr. 2024. <https://www.definitions.net/definition/Rate+of+Interest>.
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