Words / I / Business

interest rate

noun

A2CEFR level
10/100Rarity: common
TechnicalRegister

The proportion of a loan charged as interest to the borrower, typically expressed as an annual percentage.

Every quarter-point rise in the interest rate adds materially to our debt-servicing costs.

Topic: Economics in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Economics