rate of interest

Noun
  1. The percentage of a sum of money charged for its use (synset 113340054)
    is a type of: charge per unit, rate - amount of a charge or payment relative to some basis
    subtypes:
    • 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
    same as: interest rate

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