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rate of interest

   Also found in: Dictionary/thesaurus, Legal, Financial, Acronyms, Encyclopedia, Wikipedia 0.04 sec.

rate of interest

Total interest paid divided by the sum borrowed or saved expressed as a percentage over a period of time, usually one year.


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Ptitsin, as was well known, was engaged in the business of lending out money on good security, and at a good rate of interest.
 
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