interest rate

/ˌɪntərəst reɪt/

/ˈɪntrɛst reɪt/

Other forms: interest rates

Definitions of interest rate

1. noun

   the percentage of a sum of money charged for its use
   synonyms: rate of interest

   types:

   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

   bank rate

   the discount rate fixed by a central bank

   type of:

   charge per unit, rate

   amount of a charge or payment relative to some basis