teaser rate Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “teaser rate” in the English Dictionary

"teaser rate" in Business English

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teaser ratenoun [C]

uk   us   MARKETING, FINANCE
a ​lowinterestrate at the ​start of a ​loandesigned to encourage ​people to take out the ​loan. The ​rate usually ​increases later: The ​loans are initially ​offered at a ​teaserrate that is set to ​rise the ​followingyear.
(Definition of teaser rate from the Cambridge Business English Dictionary © Cambridge University Press)
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