Skip to main content

interest ratethe percentage of a loan that is charged as interest to the borrower, typically expressed as an annual percentage

Part of speech: NOUN

Definition: the percentage of a loan that is charged as interest to the borrower, typically expressed as an annual percentage

Pronunciation (IPA): /ˈɪntrəst reɪt/

Korean meaning: 대출금에 대해 차용인에게 부과되는 이자의 비율, 보통 연간 백분율로 표시됨

Korean pronunciation: **인**트러스트 **레**이트

Example Sentences

  • My credit card has a 24% interest rate, which basically means my money goes on a very expensive vacation without me.
  • The Federal Reserve's decision to maintain interest rates at near zero has helped borrowers significantly.
  • When interest rates are high, my savings account finally feels useful instead of just being a digital piggy bank.

interest rate

NOUN

//ˈɪntrəst reɪt//

the percentage of a loan that is charged as interest to the borrower, typically expressed as an annual percentage

interest rate concept
💡 Concept

the percentage of a loan that is charged as interest to the borrower, typically expressed as an annual percentage

interest rate rhyme
🎵 Rhyme

Lower interest rates help students graduate and demonstrate!

🎤Pronunciation

🇺🇸 US/ˈɪntrəst reɪt/
🇬🇧 UK/ˈɪntrəst reɪt/

🌳Etymology

Origin

interest는 라틴어 'interesse(그 사이에 있다, 차이가 나다)'에서 유래되었으며, rate는 라틴어 'rata(계산된, 고정된)'에서 나왔습니다. 금전 거래에서 원금과의 '차이'를 '계산된 비율'로 표현한다는 의미가 담겨있습니다.

🎵Rhyme

demonstratecelebrategraduate
demonstrate
celebrate
graduate

🔗Collocations

cut interest rates
raise interest rates
fixed interest rate
variable interest rate
low interest rates
interest rate policy
nominal interest rate

📝Examples

😄 Fun example

My credit card has a 24% interest rate, which basically means my money goes on a very expensive vacation without me.

The Federal Reserve's decision to maintain interest rates at near zero has helped borrowers significantly.

😄 Fun example

When interest rates are high, my savings account finally feels useful instead of just being a digital piggy bank.

Economists predict that interest rates will rise gradually over the next two years.

📚Related Words

Synonyms

borrowing costlending ratecost of moneydiscount rate

Antonyms

principalcapital

Related

inflationmonetary policycentral bankloanmortgagebond yieldcredit

Want to master 19,000+ words?

Sign up free for flashcards & quizzes.