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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 classic literature ?
Destroy, as you have threatened, you United States, the ten million coolies we have forced upon your shores--why, the amount scarcely equals half of our excess birth rate for a year.
It is true, three Chinese were killed by the tubes dropping on their heads from so enormous a height; but what were three Chinese against an excess birth rate of twenty millions?
Still more striking is the evidence from our domestic animals of many kinds which have run wild in several parts of the world: if the statements of the rate of increase of slow-breeding cattle and horses in South America, and latterly in Australia, had not been well authenticated, they would have been quite incredible.
That uncertainty made it difficult to marshal support for a preemptive attack on inflation--that is, for raising interest rates in anticipation of a rise in inflation.
As an additional matter, Premier McGuinty's letter of September 16, 2003, to the Chief Election Officer said that the new government would "maintain all existing other corporate taxes at today's rates.
Therefore, it makes sense--and saves time and money as well--to base company-specific rates on a standard template and deal with the 20% of exceptions only where necessary, rather than starting from ground zero each time.
With economic activity more clearly on the upswing, however, and prospects for a breakthrough on the federal budget seeming to fade, intermediate- and long-term interest rates reversed course in February and trended up over subsequent months.
With the market approach, you let forward exchange rates and your observations on currency volatility guide your choices.
The sharp increase in interest rates that peaked in 1980 changed the situation.
The Revenue Reconciliation Act of 1993 (RRA) increased individual tax rates by creating a fourth bracket of 36% on taxable income in excess of $140,000 for married filing jointly, or in excess of $115,000 for singles.
With more people uninsured, providers and hospitals would experience increased bad debt, which would then be passed on to the community through higher rates.
Rates are faster in metal molds and the resultant ductile iron nodule count in a metal mold is extremely high (500-1000 m|m.