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interest definition - finance
  1. A fee that is charged by a lender to a borrower for the right to use the borrowed funds. The funds can be used to purchase a house, a car, or goods that were charged on a credit card, for example. The interest charge typically is expressed as an annual percentage rate.
  2. An amount of money that an investor receives for leaving funds on deposit in an interest-bearing account, usually expressed in annual percentage terms.
  3. Partial or total ownership in an asset.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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