interest rate

What is interest rate?

interest rate definition and meaning on Finance terms:
The ratio, usually expressed as a percentage per annum, of the amount that a debtor has to pay to the creditor over a given period of time to the amount of the principal of the loan, deposit or debt security. <

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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Interest rate

What is Interest rate ?

Interest rate is (noun) a percentage charged for borrowing money

 

source: Easier English, Student Dictionary Upper Intermediate Level