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Definition of Rate of interest
1. Noun. The percentage of a sum of money charged for its use.
Specialized synonyms: Bank Discount, Discount, Discount Rate, Discount Rate, Base Rate, Prime Interest Rate, Usury, Vigorish
Generic synonyms: Charge Per Unit, Rate
Lexicographical Neighbors of Rate Of Interest
Literary usage of Rate of interest
Below you will find example usage of this term as found in modern and/or classical literature:
1. The Works of Jeremy Bentham by Jeremy Bentham, John Bowring (1843)
"Forced reduction of the rate of interest. Of reducing the rate of interest allowed
to be gi»en by individuals for money borrowed of individuals, ..."
2. Commentaries on American Law by James Kent, Charles M. Barnes (1884)
"that the law of the place where the contract is made is to determine the rate of
interest when the contract specifically gives interest ; and this will be ..."
3. Blackwood's Edinburgh Magazine (1865)
"THE rate of interest. THE great Napoleon said that, in his opinion, the only use
of the Bank of France was to lend money at four per cent. ..."
4. South Eastern Reporter by West Virginia Supreme Court of Appeals, West Publishing Company, South Carolina Supreme Court (1913)
"In section 3426 the Civil Code declares : "The legal rate of Interest shall ...
So, where a contract specifies a rate of Interest which is not beyond the ..."
5. The Law of Contracts by Samuel Williston, Clarence Martin Lewis (1920)
"rate of interest. Where the contract between the parties makes no provision ...
Where, however, the contract provides a rate of interest different from the ..."
6. Annual Report by New Hampshire Railroad Commissioners (1894)
"'s plain bonds due June 1, 1905; rate of interest, 4 per cent. ... 's plain bonds
due April 1, 1907; 1937; rate of interest, 3% per cent Interest paid on ..."
7. Principles of political economy and taxation by David Ricardo (1919)
"He thinks the legal rate followed, and did not precede the market rate of interest.
Before the American war, Government borrowed at 3 per cent., ..."