interest ratenoun [ C ]uk /ˈɪn.trəst ˌreɪt/ us /ˈɪn.trɪst ˌreɪt/
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(Definition of “interest rate” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)
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a thin, flat, round cake made from a mixture of flour, milk, and egg, fried on both sides