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View synonyms for interest rate

interest rate

[ in-ter-ist reyt, -trist ]

noun

, Finance.
  1. 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.
  2. 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.


interest rate

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


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Word History and Origins

Origin of interest rate1

First recorded in 1885–90

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Example Sentences

The company increasingly relied on Lenders Funding LLC, a firm that fronted cash at an interest rate of 35 percent.

But more broadly, the low interest-rate environment has been a gift to companies.

In May, for example, IBM sold $1.2 billion in seven-year bond at an interest rate of just 1.625 percent.

In November 2011, the government raised $17.224 billion, selling 30-year bonds at a 3.125 percent interest rate.

This is especially true in an ultra-low-interest rate environment.

If 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.

When in 1858 or '59 my father sold the hotel, its purchaser mortgaged it, paying an interest rate of twenty-four per cent a year.

The 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.

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