percentage rate
A measure to show a change or relationship between two numbers as a fraction of 100,…A measure to show a change or relationship between two numbers as a fraction of 100, over a certain time.
Meaning
2 sensesA measure to show a change or relationship between two numbers as a fraction of 100, over a certain time.
The annual percentage rate on the mortgage loan is 4.5%, indicating the cost of borrowing money on an annual basis, including interest and fees.
A coefficient, expressed as a fraction of 100, of the quotient of two numbers over a specified period of time, where the denominator has the same units as the numerator but is adjusted by a unit of time. This measure indicates the proportion of a part in relation to a whole and is commonly used to describe rates of interest, growth, or change in financial and economic contexts, expressed in percentage points.
Translations
1 languagesForms
plural: percentage rates| Singular | percentage rate |
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regular
See also
neighbours in the dictionaryDictionary text adapted from Wiktionary (Wiktionary contributors, CC BY-SA 4.0) and Open English WordNet / Princeton WordNet (CC BY 4.0, WordNet License); shared under CC BY-SA 4.0. Example sentences and recordings are credited where they appear.