Interest

What does interest mean in a person?

noun. the feeling of a person whose attention, concern, or curiosity is particularly engaged by something: She has a great interest in the poetry of Donne. something that concerns, involves, draws the attention of, or arouses the curiosity of a person: His interests are philosophy and chess.

Interest Definition & Meaning | Dictionary.com

What exactly is interest?

Interest is the price you pay to borrow money. When a lender provides a loan, they make a profit off of the interest paid on top of the original loan amount. Interest rates affect the true amount you pay for homes, cars and other purchases made with credit.

What are Interest Rates & How Does Interest Work? | credit.org

What is meant by interest in economics?

Meaning of Interest: In simple meaning interest is a payment made by a borrower to the lender for the money borrowed and is expressed as a rate percent per year. ADVERTISEMENTS: It is usually expressed as an annual rate in terms of money and is calculated on the principal of the loan.

Interest : Meaning, Definition and Types - Economics Discussion