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What is interest?

Interest is the percentage one must pay to borrow money for the privilege of receiving it. Interest is also the amount one is paid to loan money out to others. Interest can be seen everywhere in credit cards, bank accounts and of course in investments. The interest rate can depend upon the amount of money the loan is for, the credit risk of the borrower and the time value associated.

Other Financial Terms and Vocabulary

Data is provided for informational purposes only, and is not intended for trading purposes. Although data are gathered from sources believed to be reliable, Fund Mojo and its content providers cannot guarantee completeness and accuracy. Performance data quoted represents past performance. Fund Mojo and its content providers accept no liability for reliance on this data.