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discount rate vs. interest rate


noun
  1. the rate of interest charged in discounting commercial paper.
  2. the interest rate charged by Federal Reserve Banks on loans to their member banks, usually against government securities as collateral.
  3. the rediscount rate.
[ in-ter-ist reyt, -trist ]
/ ˈɪn tər ɪst ˌreɪt, -trɪst /

noun
  1. the amount that a lender charges a borrower for taking out a loan, typically expressed as an annual percentage of the loan balance. Interest rate also applies to the percentage charged periodically on credit card balances.
  2. the amount earned on a savings, checking, or money market account, or on an investment, as a certificate of deposit or bond, typically expressed as an annual percentage of the account balance or investment sum.

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