Interest


Interest
The price paid for borrowing money. It is expressed as a percentage rate over a period of time and reflects the rate of exchange of present consumption for future consumption. Also, a share or title in property. The New York Times Financial Glossary

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interest in‧terest [ˈɪntrst] noun
1. [uncountable] FINANCE an amount paid by a borrower to a lender, for example to a bank by someone borrowing money for a loan or by a bank to a depositor (= someone keeping money in an account there ) :

• Any spare cash is best put in a savings account where it will earn interest.

• US savings bonds will pay interest at 7.01% from May 1 through Oct. 31.

interest on

• a period during which you only pay interest on the loan and make no capital repayments

• Some credit cards don't charge interest on unpaid balances.

acˌcrued ˈinterest [uncountable] FINANCE
interest earned during a period of time, whether it has been paid and received or not:

• After five years the original loan has to be paid in full, plus all the accrued interest.

ˌadd-on ˈinterest [uncountable] FINANCE
interest calculated only on the principal (= the original amount borrowed) of a loan — compare APR
ˈbank ˌinterest [uncountable] FINANCE
interest paid by a bank on deposit S and to a bank on loans:

• You must declare bank interest you receive to the tax authorities.

ˈbond ˌinterest [uncountable] FINANCE
interest payable or paid to lenders on bonds:

• Mr Trump's Taj Mahal Casino might have trouble paying its junk bond interest.

ˈbuilding soˌciety ˌinterest [uncountable] FINANCE
the interest a building society pays to investors who have savings accounts:

• Building society interest is taxed under a special arrangement, and basic-rate tax does not have to be paid on it.

ˌcompound ˈinterest [uncountable] FINANCE
interest calculated on both a sum of money lent and on the unpaid interest already earned or charged on that money — compare simple interest
deˈbenture ˌinterest [uncountable] FINANCE
interest payable or paid to lenders on debenture S (= a type of bond):

• The company also said it can't pay debenture interest of $5.3 million due this month.

ˌgross ˈinterest [uncountable] TAX
interest before tax is taken away:

• Only non-taxpayers should be registered for gross interest.

imˌputed ˈinterest [uncountable] FINANCE
interest on a loan which is based on the difference between the market rates of interest, and the actual interest paid on the loan:

• Investors don't have to pay tax on imputed interest every year.

ˌnet ˈinterest
1. [uncountable] TAX interest from a bank account or an investment after tax is taken away:

• This cheque account pays net interest of 3.25%.

2. [uncountable] FINANCE the difference between interest that a person or organization receives from investments and interest that they pay for borrowing:

• The bank's net interest income increased by 19% last year.

ˌsimple ˈinterest [uncountable] FINANCE
interest calculated only on the principal (= the original amount invested), not on any accrued interest:

• I charged him 5% simple interest on the principal per week.

ˌtrue ˈinterest [uncountable] FINANCE
the interest that a particular sum of money would earn at a particular rate of interest to bring it to a known sum at the end of a particular period of time:

• The true interest cost on the Series A bonds is 6.262%.

2. [countable] FINANCE shares that you own in a company, or a part of a company that a person or organization owns; = HOLDING; STAKE:
true interest in

• Highlands Gold Ltd holds a 30% interest in the mine.

• He acquired interests in a number of publishing companies.

conˌtrolling ˈinterest [countable] FINANCE
enough shares to control a company:

• He bought a controlling interest in the firm.

maˌjority ˈinterest [countable] FINANCE
more than half of a company's shares, or enough shares to control the company:

• Roche acquired a majority interest in Genetech.

miˌnority ˈinterest [countable] FINANCE
less than half of a company's shares, or fewer shares than the biggest shareholder:

• Later in the year, AT&T sold a minority interest to other carefully selected companies.

ˌworking ˈinterest [countable] FINANCE
an interest held by a company in a particular activity, especially the oil industry:

• Amoco, an energy concern, is the operator of the project with a 43.75% working interest.

3. vested interest disapproving a group of people with strong reasons for wanting something to happen because they will gain an advantage from it:

• He is determined to prevent powerful vested interests from blocking the reform.

4. [countable] LAW the possession of rights, especially to land, property etc:

• The husband can release his interest in the legal estate to his wife.

ˌbeneficial ˈinterest \I've changed the def and moved this from sense 1. [uncountable] LAW FINANCE
the right to benefit from some property or a contract:

• The shares sold yesterday were held by a number of charitable trusts in which Sir David had a beneficial interest.

— see also conflict of interest, open interest, short interest

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interest UK US /ˈɪntrəst/ noun
[U] FINANCE money that is charged by a bank or other financial organization for lending money: interest charges/payments »

Interest charges on an overdraft are usually quite high.

charge/pay interest »

A number of providers don't charge any interest for an introductory period when you get one of their cards.

interest on sth »

The interest on a mortgage is higher than the interest earned on savings.

»

You can expect to pay interest of 4–6% on the loan.

with interest »

I paid back the whole sum with interest within a month.

»

monthly/annual interest

[U] FINANCE money that you earn from keeping your money in an account in a bank or other financial organization: earn/receive/pay interest »

You will earn interest at 4% as long as you have money in your account.

»

Consumers look for the best rate of interest on their savings.

»

You will receive interest payments on your investments monthly.

»

The account pays interest of up to 5%.

»

monthly/annual interest

[C] an involvement or a legal right, usually relating to a business or possessions that you own with other people: »

He is a multi-millionaire with business interests around the world.

an interest in sth »

The bank has a legal interest in the building until the money is repaid, as it was offered as security on the loan.

[S or U] the feeling of wanting to give your attention to something or of wanting to be involved with and to discover more about something: show interest (in sth) »

Customers are showing a lot of interest in this new design.

lose interest (in sth) »

Keep your points short and snappy when you make your presentation, or the audience might lose interest.

take an interest (in sth) »

Since our company featured in a national newspaper, people are starting to take an interest in what we do.

have an interest in sth »

I've always had an interest in aviation.

»

Just out of interest, how many people were at the conference?

[C] an activity that you enjoy doing or a subject that you like to spend time learning about: »

She lists her interests as music, running, and learning languages.

[U] the quality that makes you think that something is interesting: be of interest to sb »

I think this report would be of interest to you.

[C or U] something that brings someone advantages or that affects someone or something: »

A union looks after the interests of its members.

»

It's in your interests to keep careful records.

»

In the interests of safety, please do not smoke.

»

I believe it is in everyone's best interests if I resign.

See also ACCRUED INTEREST(Cf. ↑accrued interest), ADD-ON INTEREST(Cf. ↑add-on interest), BANK INTEREST(Cf. ↑bank interest), BENEFICIAL INTEREST(Cf. ↑beneficial interest), COMPOUND INTEREST(Cf. ↑compound interest), CONFLICT OF INTEREST(Cf. ↑conflict of interest), CONTROLLING INTEREST(Cf. ↑controlling interest), EX-INTEREST(Cf. ↑ex-interest), EXPRESSION OF INTEREST(Cf. ↑expression of interest), GROSS INTEREST(Cf. ↑gross interest), IMPUTED INTEREST(Cf. ↑imputed interest), MAJORITY INTEREST(Cf. ↑majority interest), MINORITY INTEREST(Cf. ↑minority interest), NET INTEREST(Cf. ↑net interest), SIMPLE INTEREST(Cf. ↑simple interest), TRUE INTEREST COST(Cf. ↑true interest cost), WORKING INTEREST(Cf. ↑working interest), VESTED INTEREST(Cf. ↑vested interest), ZERO INTEREST(Cf. ↑zero interest)

Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • interest — in·ter·est / in trəst; in tə rəst, ˌrest/ n [probably alteration of earlier interesse, from Anglo French, from Medieval Latin, from Latin, to be between, make a difference, concern, from inter between, among + esse to be] 1: a right, title, claim …   Law dictionary

  • interest — INTEREST. s. m. Ce qui importe, ce qui convient en quelque maniere que ce soit, ou à l honneur, ou à l utilité, ou à la satisfaction de quelqu un. Interest public, general, commun. interest de famille. interest particulier. interest d honneur.… …   Dictionnaire de l'Académie française

  • Interest — In ter*est, n. [OF. interest, F. int[ e]r[^e]t, fr. L. interest it interests, is of interest, fr. interesse to be between, to be difference, to be importance; inter between + esse to be; cf. LL. interesse usury. See {Essence}.] [1913 Webster] 1.… …   The Collaborative International Dictionary of English

  • Interest —     Interest     † Catholic Encyclopedia ► Interest     Notion of interest     Interest is a value exacted or promised over and above the restitution of a borrowed capital.     ♦ Moratory interest, that is interest due as an indemnity or a… …   Catholic encyclopedia

  • interest — Interest, Versura, B. Prendre à interest, Versuram facere, B. ex Cic. Argent prins à interest, ou perte de finance, Circunforaneum aes. Tu y as interest, Ad te attinent, et tua refert. Il n y a point d interest, Non interest quid faciat morbum,… …   Thresor de la langue françoyse

  • interest — [in′trist, in′trəst, in′tər ist; ] also, esp. for v. [, in′tər est΄, in′trest΄] n. [ME interesse < ML usury, compensation (in L, to be between, be different, interest < inter , between + esse, to be: see IS1): altered, infl. by OFr interest …   English World dictionary

  • Interest — In ter*est, v. t. [imp. & p. p. {Interested}; p. pr. & vb. n. {Interesting}.] [From interess d, p. p. of the older form interess, fr. F. int[ e]resser, L. interesse. See {Interest}, n.] [1913 Webster] 1. To engage the attention of; to awaken… …   The Collaborative International Dictionary of English

  • interest — [n1] attraction, curiosity absorption, activity, affection, attentiveness, care, case, concern, concernment, consequence, diversion, engrossment, enthusiasm, excitement, game, hobby, importance, interestedness, into, leisure activity, matter,… …   New thesaurus

  • interest — ► NOUN 1) the state of wanting to know about something or someone. 2) the quality of exciting curiosity or holding the attention. 3) a subject about which one is concerned or enthusiastic. 4) money paid for the use of money lent. 5) a person s… …   English terms dictionary

  • Interest —   Interest is the charge or cost for using money; expressed as a rate per period, usually one year, called interest rate.   The reward for making funds available to a third party over a period of time, usually pre arranged …   International financial encyclopaedia

  • interest — is now normally pronounced in trist or in trest, with the first e unpronounced. The same applies to the derivative words interested, interesting, etc …   Modern English usage


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