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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GPRS

GPRS is a service, which allows to customers to connect to the Internet through their mobile phones (smart phones). GPRS is charged based on volume…

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