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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 ?
The new cable, spanning 10,556 km (6,560 miles) will link the Brazilian cities of Santos and Fortaleza with Boca RatEn in Florida.
First: The court found that the first four offenders: Georgina Cindrella George, Jaisingh Dwar, Ranjith Kumar Dwar, Raten Singh Dwar all of Indian nationality guilty of displaying harmful and unhealthy food stuff with their full knowledge and guilty of violating the legislations of the Consumer Protection Law and its provisions and sentenced them to two years in prison and imposed a fine of RO 400 for each.