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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 ?
Fetal death rates have declined for all races since 1970, falling roughly in half from 14 to 6.
The 37 women whose TSH levels were greater than 10 mU/L had a fetal death rate of 8.
The fraction of Black children in foster care more than doubled, fetal death rates and weapons arrests of Blacks rose more than 25%, and Black low birth weight babies increased nearly 10%.
Using Gender Ratios to Measure the Effect of Pollution on Fetal Death Rates