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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.
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See Interest Rate.

The Mortgage Encyclopedia. Copyright © 2004 by Jack Guttentag. Used with permission of The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Clare Laxton, of CLIC Sargent, said better treatments had improved survival rates.
Though cancer survival rates in general are improving in Birmingham and Solihull, there are still big variations.
Survival rates for the stages one and two a year later were more than 100 per cent, meaning that fewer men with prostate cancer died than expected when compared with the general population.
In terms of long-term survival rate, the authors noted, 'Singapore achieved the highest with 47 percent after 15 years of trade relations, followed by Japan with 45 percent.
It found out that patients suffering from thyroid, prostate, corpus uteri, female breast and colon cancers have the highest survival rates at 82.3 percent, 73 percent, 70.56 percent, 66.8 percent and 56.8 percent respectively.
Pakistan Ordinance Factory set a target of 0.50 million trees and achieved 0.708 millions with survival rate of 79 percent, he said.
Inflation rate, unemployment rate, trade deficit and budget deficit are used for the construction of macroeconomic instability index and human well-being, under-five survival rate and income inequality are used for measuring social progress in Pakistan.
When the effect of age on survival rate was examined, patients aged <65 years had high survival rates (7-9).
New figures from Public Health Wales show improvements in both one-year and five-year survival rates.
It was a similar picture for women, with Wales only beating England's survival rate on bladder and lung cancers.
By comparison, the one-year survival rate in Sweden is 81%.

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