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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 ?
For multiple nozzles, the volumetric flow rate is sum of flows through all nozzles and can be calculated with equation (8).
The maximum outlet temperature was 36.9[degrees]C at a flow rate of 300 mL/h.
The measurement results show that the RMS surface roughness of ITO films increases with increasing of the oxygen flow rate, as shown in Figure 7.
For each model of PRV, a chart of regulated pressure as a function of flow rate was plotted.
* Dialyzing with a dialysate flow rate (Qd) of 500 mL/min--to reduce the possibility of clearance being attributable to differences in Qd;
where: CVQ is flow rate coefficient of variation, %; S is standard deviation of the sample, L [h.sup.-1]; and qm is mean flow rate of the sample, L [h.sup.-1].
Absolute values of maximum flow rate (Qmax) and PVR are commonly used in clinical decision-making without interpreting the position of patient.
To determine difference in salivary flow rate after chewing pineapple with salivary flow rate after chewing papaya then tested the T unpaired against both results are pineapple (Ananascomocus) different from papaya (Carica papaya).
2) Changing water mass flow rate from 18 to 72 kg/hr, retaining the hot water temperature at 36[degrees]C, and fixing the other quantities.
The examination process took into consideration the empirical evaluation of the mass flow rate and the ratio of the horizontal flow.