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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 ?
Reductions in the MMR decrease the lifetime risk of maternal death directly, while reductions in the general fertility rate decrease the lifetime risk of maternal death by reducing the number of times women are exposed to pregnancy-related health threats.
The general fertility rate (GFR) dropped from 54 live births per 1,000 women aged 15-49 in 1996 to 34 in 2004 (Ministry of Interior 2009).
According to a previous study, the average general fertility rate in 2005 was 87.
3 million babies were born in 2007, the report said, corresponding to a general fertility rate of 69.
This gave the town a general fertility rate (GFR) of 71.
Women in England had the highest so-called general fertility rate at 60 births per 1,000, followed by Wales at 57 and Scotland at 52.

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