Rate of Interest

Posted in Finance, Accounting and Economics Terms, Total Reads: 737
Advertisements

Definition: Rate of Interest

The rate of interest is the rate at which the interest is charged on the amount borrowed by a person/institution. Each lender charges an interest as a compensation for lending their money to someone else and losing the use of the money for that time period.

Example: Rate of Interest for Fixed Income deposits is 9%. It means if a person deposits Rs 100 in the fixed deposit, he/she will get an interest of Rs.9.

 

Search & Explore : Management Dictionary

Browse definitions and meaning of more concepts and terms similar to Rate of Interest. The Management Dictionary covers definitions and overview of over 7000 business concepts from 6 categories.



Share this Page on: