Business terms and jargon explained. Your business dictionary
What is Interest
The amount paid or charged on money over a period of time. If you borrow money interest will be charged. It you invest money, interest will be paid to you. Interest rates usually are expressed in percentages. I.e. 10%. This is on top of the original loan or investment.
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Term created / updated 2009-09-29 12:35:45
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