RATE OF INTEREST

Pronunciation (US):

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 Dictionary entry overview: What does rate of interest mean? 

• RATE OF INTEREST (noun)
  The noun RATE OF INTEREST has 1 sense:

1. the percentage of a sum of money charged for its use

  Familiarity information: RATE OF INTEREST used as a noun is very rare.

 Dictionary entry details 

• RATE OF INTEREST (noun)

Sense 1

Meaning:

The percentage of a sum of money charged for its use

Classified under:

Nouns denoting possession and transfer of possession

Synonyms:

interest rate; rate of interest

Hypernyms ("rate of interest" is a kind of...):

charge per unit; rate (amount of a charge or payment relative to some basis)

Hyponyms (each of the following is a kind of "rate of interest"):

bank discount; discount; discount rate (interest on an annual basis deducted in advance on a loan)

discount rate (the rate of interest set by the Federal Reserve that member banks are charged when they borrow money through the Federal Reserve System)

base rate (the interest rate set by the Bank of England for lending to other banks)

prime interest rate (the interest rate on short-term loans that banks charge their commercial customers with high credit ratings)

usury; vigorish (an exorbitant or unlawful rate of interest)

 Context examples 

As to her money, she first secreted it in odd corners, wrapped in a rag or an old curl-paper; but some of these hoards having been discovered by the housemaid, Eliza, fearful of one day losing her valued treasure, consented to intrust it to her mother, at a usurious rate of interest—fifty or sixty per cent.; which interest she exacted every quarter, keeping her accounts in a little book with anxious accuracy.

(Jane Eyre, by Charlotte Brontë)