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.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.