Interest
This is an old revision of this page, as edited by Aziraphale (talk | contribs) at 17:01, July 20, 2007. It may differ significantly from current revision.
Interest is the cost of the use of money over time.
For example, if you borrow $10,000 for your business, then you have to pay interest (say 5%) for using that money. The person who lent you the money wants something for it. He’s not going to give it to you for free.