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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


See Interest Rate.

The Mortgage Encyclopedia. Copyright © 2004 by Jack Guttentag. Used with permission of The McGraw-Hill Companies, Inc.
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George realizes that slam poetry purists may consider "Def Poetry Jam" and its capitalistic offshoots as artistic adultery.
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Andreas Haider-Maurer (6) def. Pablo Andujar, 7-5, 6-3.; Martin Klizan (2) def.
Monica Niculescu, and Alexandra Panova def. Hsieh Su-wei, and Flavia Pennetta (4), 3-6, 6-3, 11-9.
Jean-Julien Rojer, and Horia Tecau (4) def. Juan Sebastian Cabal and Robert Farah, 6-7 (6), 6-3, 10-2.; Vasek Pospisil, and Jack Sock (2) def.
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Agnieszka Radwanska (7) def. Anna Schmiedlova, 6-4, 7-5; Carla Suarez Navarro (12) def.
Donald Young def. Yen-hsun Lu, 5-1, retired.; Jan-Lennard Struff def.
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