 interest rate

n.The percentage used to calculate interest due on a loan.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
 interest rate

USAThe rate of interest required to be paid by a borrower to a lender on the outstanding principal amount of a loan. Interest rates can be "fixed rate," which are agreed when the loan is first made, or "floating rate," which are based on reference rates which vary over the term of the loan, such as base rate or LIBOR. Floating interest rates typically include an additional percentage (the applicable margin) that is added to the floating reference rate.Related terms
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
Look at other dictionaries:
interest rate — interest rates N COUNT The interest rate is the amount of interest that must be paid. It is expressed as a percentage of the amount that is borrowed or gained as profit. The Finance Minister has renewed his call for lower interest rates. ...a… … English dictionary
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interest rate — interest .rate n the ↑percentage amount charged by a bank etc when you borrow money or paid to you by a bank when you keep money in an account there … Dictionary of contemporary English
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interest rate — The percentage of an amount of money which is paid for its use for a specified time. Commonly expressed as an annual percentage rate (APR). Federal and state laws regulate interest rate amounts and disclosures on consumer loans. See annual… … Black's law dictionary
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interest rate — noun the percentage of a sum of money charged for its use (Freq. 1) • Syn: ↑rate of interest • Hypernyms: ↑rate, ↑charge per unit • Hyponyms: ↑discount rate, ↑ … Useful english dictionary
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