noun
interest
Money paid for borrowing money or keeping funds in an account.
The account earns interest on the money deposited each month.
Etymology
The financial use developed through the idea of compensation for a loss or stake in a transaction. Interest became the amount paid for the use of another person’s money.
More examples
- Interest on the loan is due next week.
- She compared the interest rates offered by three banks.
- We paid more interest than expected last year.
Forms
interest