Definition of
interest rate
percentage of money charged for borrowing the amount of interest charged for borrowing a sum of money over a specific period of time
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percentage of money charged for borrowing the amount of interest charged for borrowing a sum of money over a specific period of time
Definitions of ’interest rate’ and meaning of ’interest rate’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’interest rate’ and other financial terms with our online QFINANCE Financial Dictionary.