Interest

It’s what you pay when you borrow and what you receive when you lend. Interest rates are determined by market conditions and the condition of the borrower (aka you or your company). The better the condition of the borrower, the lower the interest rate— which is why your credit score is vitally important when you want to do something like take out a mortgage or a business loan.

« Back to Glossary Index
2017-12-13T14:30:38+00:00

Leave A Comment