interest rate

The percentage that a borrower of money must pay to the lender in return for the use of the money, usu. expressed as a percentage of the principal payable for a one-year period. — Often shortened to rate.

— Also termed rate of interest. [Cases: Interest 27–38. C.J.S. Admiralty § 281; Interest and Usury; Consumer Credit §§ 34–41; Mortgages § 166.]

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词条贡献者

法律翻译Peter，毕业于一所旨在培养高级翻译专业人才的翻译院校，专注翻译各类与能源与矿业有关的法律文件。