interest rate

Cultural Dictionary

interest rate definition


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

The American Heritage® 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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Interest rate is always a great word to know.
So is bezoar. Does it mean:
a calculus or concretion found in the stomach or intestines of certain animals, esp. ruminants, formerly reputed to be an effective remedy for poison.
a children's mummer's parade, as on the Fourth of July, with prizes for the best costumes.
WordNet
interest rate

noun
the percentage of a sum of money charged for its use 
WordNet® 3.0, © 2006 by Princeton University.
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