Interest Rate

Business / Taxes / Interest Rate: Interest rate is the percentage of the face value of a bond or the balance in a deposit account that you receive as income on your investment. If you multiply the interest rate by the face value or balance, you find the annual amount you receive. For example, if you buy a bond with a face value of $1,000 with a 6% interest rate, you'll receive $60 a year. Similarly, the percentage of principal you pay for the use of borrowed money is the loan's interest rate. If there are no other costs associated with borrowing the money, the interest rate is the same as the annual percentage rate (APR).

Other Words for Interest

Interest Adjective Synonyms: concern, significance, importance, weight, moment, note, consequence
Interest Noun Synonyms: attention, attentiveness, concern, regard, curiosity, scrutiny, notice, engagement
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Other Words for Rate

Rate Verb Synonyms: measure, pace, gait, speed, velocity, clip
Rate Noun Synonyms: rank, grade, class, classify, evaluate, estimate, calculate, compute, count, reckon, judge, gauge, assess, appraise, measure
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Floating-Rate Note (FRN)

Business / Finance / Floating-Rate Note (FRN): An guaranteed investment instrument whose interest payment is tied to some variable (floating) interest rate benchmark, such as a specific-maturity Treasury yield. MORE

Floating-Rate Payer

Business / Finance / Floating-Rate Payer: Note whose interest payment varies with short-term interest rates. MORE

Floating-Rate Preferred

Business / Finance / Floating-Rate Preferred: In an interest rate swap, the counterparty who pays a rate based on a reference rate, usually in exchange for a fixed-rate payment. MORE

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