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Interest Rate

The percentage of the value of a balance or debt that one pays or is paid each time period. For example, if one holds a bond with a face value of $1,000 and a 3% interest rate payable each quarter, one receives $30 each quarter. The percentage of the interest rate remains constant (usually), but the amount one pays or is paid changes according to the amount of the balance or debt. For example, if one pays off part of the principal on a loan each month, the amount one pays in interest decreases even though the rate remains the same. See also: Time Value of Money.


See Interest Rate.

References in periodicals archive ?
Many students do in fact graduate high school in longer than 4 years; the newly required 4-year adjusted cohort rate underestimates the actual graduation rate.
8% that inflates the overall cohort rate well beyond the 45.
In the course of a recertification review in 1993, the Philadelphia Learning Center was granted only provisional eligibility through September 1997 because its published 1992 cohort rate (which has been appealed) exceeded 25%.