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

  The Federal Reserve Board - Cite This Source - This Definition
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  Cite Definition for interest

  American Psychological Association (APA)

  interest. (n.d.). A Consumer's Guide to Mortgage Refinancings. Retrieved April 1, 2023, from website: http://www.expertglossary.com/definition/interest.

  Chicago Manual of Style (CMS)

  interest. www.federalreserve.gov. A Consumer's Guide to Mortgage Refinancings. The Federal Reserve Board. http://www.expertglossary.com/definition/interest (accessed: April 1, 2023).

  Modern Language Association (MLA)

  "interest." A Consumer's Guide to Mortgage Refinancings. The Federal Reserve Board. 1 April. 2023 http://www.expertglossary.com/definition/interest.

• Browse Related Terms: Collateral, creditor, Equity stripping, Home Equity Line of Credit (HELOC), Home Ownership and Equity Protection Act (HOEPA), interest, Interest rate, Loan modification activities, Principal, Rate Spread, Servicemen’s Readjustment Act, Truth-In-Lending Act (TILA)

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