Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “interest rate”

interest rate

noun [C]
 
 
(also rate of interest) BANKING, FINANCE
the percentage amount that you pay for borrowing money, or get for lending money, for a period of time, usually a year: a 7% interest rate an interest rate of 7% a high/low/zero interest raterising/falling interest rates Falling interest rates acted as a tax cut for households. rumours of an interest rate rise Interest-rate fluctuations may affect present and future cash flows of the company. A rise in the interest rate causes the value of existing bonds to fall. The government may cut interest rates to boost growth. The bank has decided to leave interest rates unchanged. Some cards charge an interest rate of over 16%. The National Bank has set the interest rate at 6%. a variable/fixed interest rate long-term/short-term interest rates
(Definition of interest rate from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of interest rate?
Add Cambridge dictionaries to your browser to your website

Definitions of “interest rate” in other dictionaries

Word of the Day

bright spark

a person who is intelligent, and full of energy and enthusiasm

Word of the Day

Highly delighted, bitterly disappointed, ridiculously cheap: adverbs for emphasis.

by Liz Walter,
October 22, 2014
We often make adjectives stronger by putting an adverb in front of them. The most common ones are very and, for a stronger meaning, extremely: He was very pleased. The ship is extremely large. However, we don’t use very or extremely for adjectives that already have a strong meaning, for example fantastic,

Read More 

life tracking noun

October 20, 2014
the use of one or more devices or apps to monitor health, exercise, how time is spent, etc.

Read More