interest rate Definition in the Cambridge English Dictionary Cambridge dictionaries logo

Definition of “interest rate” - English Dictionary

"interest rate" in British English

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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)

"interest rate" in Business English

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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)
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