INTEREST RATE
(noun)Definitions
There is 1 meaning of the phrase
Interest Rate.
Interest Rate - as a noun
The percentage of a sum of money charged for its use
Synonyms (Exact Relations)
rate of interestHypernyms (Closely Related)
charge per unitrateHyponyms (Broadly Related)
Example Sentences
"The interest rate on my mortgage is 4%."
"The central bank decided to lower the interest rate."
"She received a loan with a favorable interest rate."
"Investors are keeping a close eye on the fluctuating interest rates."
"He decided to lock in a fixed interest rate for his car loan."
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