Meaning of “teaser rate” in the English Dictionary

business-english dictionary

"teaser rate" in Business English

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teaser ratenoun [ C ]

uk us MARKETING, FINANCE

a low interest rate at the start of a loan designed to encourage people to take out the loan. The rate usually increases later:

The loans are initially offered at a teaser rate that is set to rise the following year.

(Definition of “teaser rate” from the Cambridge Business English Dictionary © Cambridge University Press)