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Interest |
Also found in: Dictionary/thesaurus, Medical, Legal, Idioms, Encyclopedia, Wikipedia, Hutchinson | 0.07 sec. |
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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.
Interest. Interest is what you pay to borrow money using a loan, credit card, or line of credit. It is calculated at either a fixed or variable rate that's expressed as a percentage of the amount you borrow, pegged to a specific time period. For example, you may pay 1.2% interest monthly on the unpaid balance of your credit card. Interest also refers to the income, figured as a percentage of principal, that you're paid for purchasing a bond, keeping money in a bank account, or making other interest-paying investments. If it is simple interest, earnings are figured on the principal. If it is compound interest, the earnings are added to the principal to form a new base on which future income is calculated. Interest is also a share or right in a property or asset. For example, if you are half-owner of a vacation home, you have a 50% interest. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Index life's marketing position lies between fixed cash-value life products, whose upside potential is limited to declared interest rates, and variable lira, a line with only a handful of products at most that offer the kinds of guaranteed minimum-withdrawal benefits and minimum-accumulation benefits that have so helped variable annuities. Caruso St John's frequently declared interest in 'amplifying what is there' confirms their preoccupation with time. Classic believes that with its declared interest in the Indian Internet, the focus of Quantum and its mission in developing the best Wellness Portal and health information site as a comprehensive source for products, services and information fits into the company's acquisition profile. |
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