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English definition of “high-rate”

high-rate

adjective
 
 
FINANCE
used to describe a loan, credit card, etc. on which you pay a lot of interest: Beware of high-rate credit cards - you can end up spending more on interest than you do on the goods you've purchased. high-rate mortgage and car loans
(Definition of high-rate from the Cambridge Business English Dictionary © Cambridge University Press)
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