Meaning of “high-rate” in the English Dictionary

business-english dictionary

"high-rate" in Business English

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high-rateadjective

uk us 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)