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percentage rate. In DICTIOUS you will not only get to know all the dictionary meanings for the word
percentage rate, but we will also tell you about its etymology, its characteristics and you will know how to say
percentage rate in singular and plural. Everything you need to know about the word
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English
Noun
percentage rate (plural percentage rates)
- A 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.
- (finance, mathematics) 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.
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