Definition of interest rate Interest rate
We found 3 definitions of interest rate from 3 different sources.
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What does interest rate mean?
WordNet
Noun |
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| interest rate - the percentage of a sum of money charged for its use | ||
| rate of interest | ||
| charge per unit, rate amount of a charge or payment relative to some basis; "a 10-minute phone call at that rate would cost $5" | ||
| bank discount, discount rate, discount interest on an annual basis deducted in advance on a loan | ||
| discount rate interest on an annual basis deducted in advance on a loan | ||
| base rate the interest rate set by the Bank of England for lending to other banks | ||
| prime interest rate the interest rate on short-term loans that banks charge their commercial customers with high credit ratings | ||
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Wiktionary 
- interest rate (Noun)
The percentage of an amount of money charged for its use per some period of time often a year.
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interest rate
The percentage of a sum of money charged for its use.
