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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 ?
A corresponding adjusted 5-year cohort rate (an extended-year rate) incorporates an additional year for students to graduate.
they are retained in a grade) before they drop out, these individuals were accounted for by the use of a cohort rate.
Nevertheless, a cohort rate is a rough calculation of a student's chance of being successful in a particular school district.
The NISS panel recommended the true cohort rate as the only rate that will yield an accurate on-time graduation rate.