interest rate
Business. the amount that a lender charges a borrower for taking out a loan, for maintaining a balance on debt, etc.: typically expressed as an annual percentage of the loan balance.
Banking. the amount earned on a savings, checking, or money market account, or on an investment, such as a certificate of deposit or bond: typically expressed as an annual percentage of the account balance or investment sum.
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Origin of interest rate
1- Also called rate of in·ter·est [reytuhv in-ter-ist, -trist] /ˈreɪt əv ˈɪn tər ɪst, -trɪst/ .
- Compare APR.
Words Nearby interest rate
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
How to use interest rate in a sentence
The Fed, in turn, has no plans to raise interest rates until the labor market heals substantially.
Fed chair: Unemployment rate was closer to 10 percent, not 6.3 percent, in January | Rachel Siegel | February 10, 2021 | Washington PostThe Fed is using interest rates as a lever by buying bonds and mortgage-backed securities to keep rates low to stimulate the economy during the pandemic.
Uncertainty surrounding economy holds mortgage rates in place | Kathy Orton | February 4, 2021 | Washington PostTake the interest rate you are earning and divide 72 by that number.
Hints From Heloise: An easy way to check return on investment | Heloise Heloise | February 2, 2021 | Washington PostThe guarantee became a windfall for lenders when interest rates fell.
Education Dept. orders Navient to refund $22.3 million in decade-old student loan scandal | Danielle Douglas-Gabriel | February 2, 2021 | Washington PostMaking the leap to clean powerIn the midst of pandemic-induced high unemployment and low interest rates, renewables and their now-cheap prices could finally have their moment.
Solar power got cheap. So why aren’t we using it more? | Ula Chrobak | January 28, 2021 | Popular-Science
The company increasingly relied on Lenders Funding LLC, a firm that fronted cash at an interest rate of 35 percent.
Patients Screwed in Spine Surgery ‘Scam’ | The Center for Investigative Reporting | November 3, 2014 | THE DAILY BEASTBut more broadly, the low interest-rate environment has been a gift to companies.
Don’t Credit Obama with the Stock Boom, Credit the Fed and the International Economy | Daniel Gross | November 13, 2013 | THE DAILY BEASTIn May, for example, IBM sold $1.2 billion in seven-year bond at an interest rate of just 1.625 percent.
Don’t Credit Obama with the Stock Boom, Credit the Fed and the International Economy | Daniel Gross | November 13, 2013 | THE DAILY BEASTIn November 2011, the government raised $17.224 billion, selling 30-year bonds at a 3.125 percent interest rate.
What the GOP Doesn’t Understand About the Debt | Daniel Gross | September 26, 2013 | THE DAILY BEASTThis is especially true in an ultra-low-interest rate environment.
Did Financial Services Reform Inadvertently Put a Kink In Obamacare? | Megan McArdle | May 23, 2013 | THE DAILY BEASTIf credit were contracted there would be tight money and a high interest rate.
The interest rate varies from five to five and a half per cent.
If You're Going to Live in the Country | Thomas H. Ormsbee and Richmond HuntleyWhen in 1858 or '59 my father sold the hotel, its purchaser mortgaged it, paying an interest rate of twenty-four per cent a year.
Old Rail Fence Corners | VariousThe interest rate will not be changed within the next fifteen or twenty years.
The interest rate should be set at such a point that the bonds could be sold at a premium.
Monopolies and the People | Charles Whiting Baker
Cultural definitions for interest rate
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 Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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