Interest rate

The price paid for borrowing money, usually stated in percentages and as an annual rate.

The simple interest rate, stated as a percentage, charged by a lender on the principal amount of borrowed money. See also: Annual Percentage Rate.

The amount of interest charged on a monthly loan payment, expressed as a percentage.

The percentage of an amount of money (principal) which is charged for its use for a specified time.

The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures.

The rate paid by a borrower to a financial institution in exchange for the use of the financial institution's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures.

Interest rate is the percentage of the face value of a bond or the balance in a deposit account that you receive as income on your investment.

If you multiply the interest rate by the face value or balance, you find the annual amount you receive.

For example, if you buy a bond with a face value of $1,000 with a 6% interest rate, you'll receive $60 a year. Similarly, the percentage of principal you pay for the use of borrowed money is the loan's interest rate.

If there are no other costs associated with borrowing the money, the interest rate is the same as the annual percentage rate (APR).

The price paid for borrowing money, usually stated in percentages and as an annual rate.

Percentage paid for the use of money, usually expressed as an annual percentage.