Meaning | The percentage of a sum of money charged for its use. |
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Synonym | rate of interest |
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Narrower | base rate | The interest rate set by the Bank of England for lending to other banks |
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discount rate, discount, bank discount | 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 |
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 |
Broader | rate, charge per unit | Amount of a charge or payment relative to some basis |
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Spanish | interés, tasa de interés, tipo de interés |
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