Test 10 of 39

Interest

Test
Materials

Interest, inĀ financeĀ andĀ economics, is payment from aĀ borrowerĀ or deposit-taking financial institution to aĀ lenderĀ or depositor of an amount above repayment of theĀ principal sumĀ (that is, the amount borrowed), at a particular rate.Ā It is distinct from aĀ feeĀ which the borrower may pay the lender or some third party.

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