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In·ter·est rate

noun
- 1. the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding: "reduced interest rates encourage people to spend money on home improvements"
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Interest rate
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Percentage of a sum of money charged for its use
An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed (called the principal sum). The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, the compounding frequency, and the length of time over which it is lent, deposited, or borrowed. The annual interest rate is the rate over a period of one y... Wikipedia
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