# Definitions and Synonyms of *rate of interest* | Another word for *rate of interest* | What is *rate of interest? *

*Definition 1: the percentage of a sum of money charged for its use - [noun denoting possession]*

*Synonyms for rate of interest in the sense of this definition*

*(**rate of interest* is a kind of ...) amount of a charge or payment relative to some basis

*rate of interest*is a kind of ...) amount of a charge or payment relative to some basis

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*"a 10-minute phone call at that rate would cost $5"*### (... is a kind of *rate of interest* ) interest on an annual basis deducted in advance on a loan

### (... is a kind of *rate of interest* ) the rate of interest set by the Federal Reserve that member banks are charged when they borrow money through the Federal Reserve System

### (... is a kind of *rate of interest* ) the interest rate set by the Bank of England for lending to other banks

### (... is a kind of *rate of interest* ) the interest rate on short-term loans that banks charge their commercial customers with high credit ratings

### (... is a kind of *rate of interest* ) an exorbitant or unlawful rate of interest

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