Interest rate
Definition
The rate charged the borrower each period for the loan of money, by custom quoted on an annual basis. A rate of 6%, for example, means a rate of 1/2% per month. A mortgage interest rate is a rate on a loan secured by a specific property
Related Terms Other terms related to 'Interest rate' starting with the letter 'I' Investor, Interest rate increase cap, Interest cost, Indexed ARM, Interest due Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 