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interest rate

interest rate in Culture

interest rate definition

The usual way of calculating interest — as a percentage of the sum borrowed.

The New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Examples from the Web for interest rate
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Historical Examples
  • What interest rate will be charged upon the loans that are to be made?

  • No considerable diminution of the interest-volume can be expected through a decline in the interest rate.

    Distributive Justice

    John A. (John Augustine) Ryan
  • Real interest rates skyrocket because in an environment of negative inflation, even a zero interest rate is high in real terms.

    After the Rain Sam Vaknin
  • A lender, as we know, must charge an interest rate that recovers the depreciated value of the dollars loaned.

  • Hence, we would have proved that a fall in the interest rate causes a rise in the interest rate—which is absurd.

    The Value of Money Benjamin M. Anderson, Jr.

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