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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.

Rate

See Interest Rate.

References in periodicals archive ?
40% decrease in the fatality rate, with a t-ratio of 2.
See appendix for research notes on developing fatality rates.
25 /PRNewswire-USNewswire/ -- The American Trucking Associations (ATA) told the Federal Motor Carrier Safety Administration (FMCSA) that the trucking industry has seen a large decline in the truck-involved fatality rate since the current Hours of Service (HOS) rules took effect.
PHOTO Tim Cheng, 17, questions findings that young drivers' fatality rate is high.
The overall occupant fatality rate for SUVs showed the greatest decline of all vehicle types -- down 8.
And though no human cases of the virus have been detected in Ventura County, health officials are urging precautions in light of the disease's 50 percent fatality rate.
April 27 /PRNewswire/ -- Recent research conducted by the National Highway Traffic Safety Administration (NHTSA) studied occupant fatality rates of vehicles by size and type and found that "in all fatal crashes, when broken down by size, compact cars have the highest occupant fatality rate while the 'large vans' category has the lowest occupant fatality rate.
At one time, children in this age group had the second highest fatality rate of any age group, but today they have the lowest and safety experts credit the AAA School Safety Patrol program with making a strong contribution to this significant improvement.
The latest traffic collision statistics confirm the fatality rate continues its downward trend, with a large drop in alcohol-related fatalities this year.
That's half the number in Mayo, which has the nation's highest fatality rate at 843 deaths per 1,000.
Using data from 2011 Bureau of Labor Statistics (BLS) Census of Fatal Occupational Injuries (CFOI), the overall occupationally-related fatality rate in the United States was 3.