Definition of “interest rate” - English Dictionary


(Definition of “interest rate” from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

“interest rate” in Business English

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interest ratenoun [ C ]

uk us 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:

an interest rate of 7%
a high/low/zero interest rate
rising/falling interest rates Falling interest rates acted as a tax cut for households.
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 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%.

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