Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Interest

  1. Interest is the money you pay to a lender for the ability to borrow money from them. For example, you have to pay the bank a percentage of the amount you borrowed as interest. If you have a mortgage(LINKME) payment then part of the payment goes towards the principle(LINKME) and part is paid towards interest.
  2. Interest is the money that is made as a return from an investment. For example, you may earn interest on a savings account.

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