INTEREST RATE

Pronunciation (US):

(GB):

IPA (US):

 Dictionary entry overview: What does interest rate mean? 

• INTEREST RATE (noun)
  The noun INTEREST RATE has 1 sense:

1. the percentage of a sum of money charged for its use

  Familiarity information: INTEREST RATE used as a noun is very rare.

 Dictionary entry details 

• INTEREST RATE (noun)

Sense 1

Meaning:

The percentage of a sum of money charged for its use

Classified under:

Nouns denoting possession and transfer of possession

Synonyms:

interest rate; rate of interest

Hypernyms ("interest rate" is a kind of...):

charge per unit; rate (amount of a charge or payment relative to some basis)

Hyponyms (each of the following is a kind of "interest rate"):

bank discount; discount; discount rate (interest on an annual basis deducted in advance on a loan)

discount rate (the rate of interest set by the Federal Reserve that member banks are charged when they borrow money through the Federal Reserve System)

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)

usury; vigorish (an exorbitant or unlawful rate of interest)

 Context examples 

I know many people who have done exactly that and found their financial life to be easier as they move forward, with lower interest rates than they had imagined.

(AstrologyZone.com, by Susan Miller)

If you fill out the paperwork before this date, you should get approval sooner than you estimate and with an attractive interest rate.

(AstrologyZone.com, by Susan Miller)