noun
the percentage of a sum of money charged for its use (Freq. 1)
• Syn: ↑rate of interest
• Hypernyms: ↑rate, ↑charge per unit
• Hyponyms:
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interest rate noun
A charge made on borrowed money, usu expressed as a percentage to be repaid annually
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Main Entry: ↑interest
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the percentage that an institution such as a bank charges or pays you in interest when you borrow money from it or keep money in an account
high/low interest rates:
Consumers have been discouraged by high interest rates.
cut interest rates (=reduce them):
The government has cut interest rates seven times in the past year.
Thesaurus: general words relating to bankinghyponym
Useful english dictionary. 2012.