See Also: Rate of interest(finance)
interest rate(dictionary)
Rate of interest(money)
Interest rate cap(money)
Interest rate(finance)
Interest Rate(money)
Interest rate cap(finance)
Assumed Interest Rate(law)
Real Rate of Interest(money)
Real interest rate(money)

Interest Rate (money)


Definition: Cost for the use of capital expressed as a percentage of the sum of money borrowed.

Definition: [crh] The monthly effective interest rate. For example, the periodic rate on a credit card with an 18% annual percentage rate is 1.5% per month.