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INTEREST RATE
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
The percentage of a sum of money charged for its use
Synonyms:
interest rate; rate of interest
Classified under:
Nouns denoting possession and transfer of possession
Hypernyms ("interest rate" is a kind of...):
charge per unit; rate (amount of a charge or payment relative to some basis)
Hyponyms (each of the following is a kind of "interest rate"):
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)
