interest rate Definition in the Cambridge English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Definition of “interest rate” - English Dictionary

Definition of "interest rate" - British English Dictionary

See all translations

interest ratenoun [C]

uk   us  
the ​interestpercent that a ​bank or other ​financialcompanycharges you when you ​borrowmoney, or the ​interestpercent it ​pays you when you ​keepmoney in an ​account: high/​lowinterestrates The ​bank has ​plans to cut/​raiseinterestrates.
(Definition of interest rate from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)

Definition of "interest rate" - Business English Dictionary

See all translations

interest ratenoun [C]

uk   us   (also rate of interest) BANKING, FINANCE
the ​percentageamount that you ​pay for ​borrowingmoney, or get for ​lendingmoney, for a ​period of ​time, usually a ​year: a 7% ​interestrate an ​interestrate of 7% a high/​low/zero ​interestraterising/falling interest rates Falling ​interestratesacted as a ​taxcut for ​households. rumours of an ​interestraterise Interest-rate fluctuations may affect ​present and future ​cashflows of the ​company. A ​rise in the ​interestrate causes the ​value of existing ​bonds to ​fall. The ​government may cutinterestrates to ​boostgrowth. The ​bank has decided to leaveinterestrates unchanged. Some ​cards charge an ​interestrate of over 16%. The National Bank has set the ​interestrate at 6%. a variable/​fixedinterestrate long-term/​short-terminterestrates
(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
Word of the Day

conker

the shiny brown poisonous nut of a horse chestnut tree

Word of the Day

Meerkat meme
Meerkat meme
by Colin McIntosh,
September 03, 2015
Meerkats are not new to popular culture (they appear in the folk tales of the San people of the Kalahari), but their arrival in the public’s consciousness, at least in the UK and the US, is a relatively recent phenomenon. Meerkats are small, sociable Southern African mammals that live in large family

Read More 

parklet noun
parklet noun
August 31, 2015
a public outdoor space that may be associated with a local business but where anyone can sit Pop-up cafes in NY are what’s actually called parklets in many other places around the country.

Read More