from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. The percentage of an amount of money charged for its use per some period of time (often a year).
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. the percentage of a sum of money charged for its use
Sorry, no etymologies found.
Egypt's finance minister, Samir Radwan, and the deputy director of the IMF's Middle East and Central Asia Department, Ratna Sahay, at a news conference announced a 1.5% interest rate on the one-year loan, which is to be paid in full within five years.
In the early eighties, for instance, the Money Movement Strategy chart showed that when the interest rate bottomed out and changed direction from down to up, that was the point to move from stock to money market funds.
The interest rate is adjusted monthly and was 11.8% in mid-1991.
I'll institute a Credit Card Bill of Rights that will ban credit card companies from changing the agreement you signed up for, changing the interest rate on debt you've already incurred, or charging interest on late fees.
You can always negotiate a lower-than-market interest rate from a flexible seller, and you rarely have to go through the red tape required to get a loan through a lending institution.
If the interest rate remains the same for the term of your mortgage, you have an FRM, or fixed rate mortgage.
Well, at some point along the way, they put a section in that act called Motor Vehicle Lenders, and they put a maximum interest rate of
Because fixed interest rates are constantly changing over the term of your mortgage, you will want to check your mortgage company about every six months to find out the interest rate at which you could convert your ARM to an FRM.