Interest

The rate used to determine the cost of borrowing money, usually stated as a percentage and as an annual rate.

The cost you pay to borrow money. It is the payment you make to a lender for the money it has loaned to you. Interest is usually expressed as a percentage of the amount borrowed.

The amount of the entire mortgage loan which does not include the principal. Also, as a part of PITI, the amount of the monthly mortgage payment which does not include the principal, taxes, and insurance.

A fee charged for the use of borrowing money.

Money charged for the use of money (principal).

The term interest is used to describe the cost of using money, a right, share, or title in property.

Payments made by a borrower to a lender for the use of the lender's money. A Corporation pays interest on bonds to its bondholders.

The term interest is used to describe the cost of using money, a right, share, or title in property.

Compensation for the use of money, usually stated as an annual rate.

Interest is what you pay to borrow money using a loan, credit card, or line of credit. It is calculated at either a fixed or variable rate that's expressed as a percentage of the amount you borrow, pegged to a specific time period.

For example, you may pay 1.2% interest monthly on the unpaid balance of your credit card.

Interest also refers to the income, figured as a percentage of principal, that you're paid for purchasing a bond, keeping money in a bank account, or making other interest-paying investments.

If it is simple interest, earnings are figured on the principal. If it is compound interest, the earnings are added to the principal to form a new base on which future income is calculated.

Interest is also a share or right in a property or asset. For example, if you are half-owner of a vacation home, you have a 50% interest.

The amount paid for the use of money usually expressed as an annual percentage. Also, a right, shares, or title in a property.

The charge for the use of borrowed money.

The rate used to determine the cost of borrowing money, usually stated as a percentage and as an annual rate.

The fee charged by a lender to a borrower for using borrowed money. The fee is usually expressed as an annual percentage of the amount borrowed. The interest rate depends on how long the money is being borrowed, the likelihood that the borrower will repay the loan, and the current inflation rate.

The charge for the use of borrowed money.