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interest |
Also found in: Medical, Legal, Encyclopedia, Wikipedia, Hutchinson | 0.15 sec. |
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Interest 1. The charge for the privilege of borrowing money, typically expressed as an annual percentage rate. 2. The amount of ownership a stockholder has in a company, usually expressed as a percentage. Notes: 1. Lenders make money from interest, borrowers pay it.2. Someone who holds more than 5-10% of the stock in a company is said to hold significant interest. Interest The price paid for borrowing money. It is expressed as a percentage rate over a period of time and reflects the rate of exchange of present consumption for future consumption. Also, a share or title in property.
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ARMs have become much more popular of late because of the spurt in fixed-rate interest -- from an average low of 6. Our thought was to place more of our fixed-rate interest into a floating-rate environment, since we anticipated interest rates coming down. Expected to be passed by Congress early next year when it reauthorizes the Higher Education Act, the changes would prohibit recent graduates from locking in low, fixed-rate interest rates when they consolidate their debt. |
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