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in·ter·est
/ˈint(ə)rəst/noun
- 1. the state of wanting to know or learn about something or someone: "she looked about her with interest" Similar Opposite
- 2. money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt: "the monthly rate of interest" Similar
verb
- 1. excite the curiosity or attention of (someone): "I thought the book might interest Eric" Similar Opposite
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Interest. In finance and economics, interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. [1]
An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed (called the principal sum). The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, the compounding frequency, and the length of time over which it is lent, deposited, or borrowed.
Compound interest is interest accumulated from a principal sum and previously accumulated interest. It is the result of reinvesting or retaining interest that would otherwise be paid out, or of the accumulation of debts from a borrower.
Public interest engineering is centered around the development of human and environmentally sustainable structures and system. Public interest design focuses on collaborative efforts to incorporate the public good in designing products, structures, and systems. The Code of Ethics for Engineers from the National Society of Professional Engineers ...
Interest is a feeling or emotion that causes attention to focus on an object, event, or process. In contemporary psychology of interest, [1] the term is used as a general concept that may encompass other more specific psychological terms, such as curiosity and to a much lesser degree surprise .
The effective interest rate (EIR), effective annual interest rate, annual equivalent rate (AER) or simply effective rate is the percentage of interest on a loan or financial product if compound interest accumulates over a year during which no payments are made.
The real interest rate is the rate of interest an investor, saver or lender receives (or expects to receive) after allowing for inflation. It can be described more formally by the Fisher equation, which states that the real interest rate is approximately the nominal interest rate minus the inflation rate.
In finance, an interest rate cap is a type of interest rate derivative in which the buyer receives payments at the end of each period in which the interest rate exceeds the agreed strike price. An example of a cap would be an agreement to receive a payment for each month the LIBOR rate exceeds 2.5%.
Federal Funds Rate. Inflation (blue) compared to federal funds rate (red) Federal funds rate vs unemployment rate. In the United States, the federal funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight on an uncollateralized basis.
The nominal interest rate, also known as an annual percentage rate or APR, is the periodic interest rate multiplied by the number of periods per year. For example, a nominal annual interest rate of 12% based on monthly compounding means a 1% interest rate per month (compounded). [2]