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. <




Interest rate

What is Interest rate ?

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


source: Easier English, Student Dictionary Upper Intermediate Level