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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Cookies is a concept that refers to a small amount of data that the Web server sends to your browser and that is stored in a folder in the user's…

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