Interest rate

 

Meaning of the word: Interest rate

The interest rate is a percentage increase of the debt for a period. The interest rate is usually fixed for one year. Interest is a reward for the creditor, who lent his funds to the debtor. The amount of interest that is not limited, however, if it is too high, it is usury, which is contrary to good morals.

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FROM DICTIONARY

Credit card

A credit card payment card offered to customers draw funds and goes under the zero. It is based on the holder´s promise to pay for them. Credit cards…

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