What is another word for rate of interest?

Pronunciation: [ɹˈe͡ɪt ɒv ˈɪntɹəst] (IPA)

The term "rate of interest" refers to the charge or cost of borrowing money, typically expressed as a percentage of the loan amount over a specific time period. While there are variations in how this term is used across different industries and contexts, there are several synonyms that are commonly used to describe this concept. These include terms like "interest rate," "percentage rate," "annual percentage rate (APR)," "finance charge," and "cost of credit." Depending on the context, these synonyms may have slightly different implications or be used to describe distinct aspects of the borrowing process, but all generally refer to the same basic concept of the cost of borrowing money.

Synonyms for Rate of interest:

What are the hypernyms for Rate of interest?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.
  • Other hypernyms:

    lending rate, MORTGAGE RATE, cost of borrowing, interest fee, yield rate.

Famous quotes with Rate of interest

  • The rate of interest acts as a link between income-value and capital-value.
    Irving Fisher
  • Sleep is the interest we have to pay on the capital which is called in at death; and the higher the rate of interest and the more regularly it is paid, the further the date of redemption is postponed.
    Arthur Schopenhauer

Related words: interest rate, interest rate definition, interest rates for home equity loans, best interest rate on credit cards, bank interest rates, current interest rates

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