the amount of money that is taken from you for borrowing money
example
How much interest do you pay on the money you loaned from the bank?
synonyms
dividendsreturnsgain
word origin — late Middle English (originally as interess): from Anglo-Norman French interesse, from Latin interesse ‘differ, be important’, from inter- ‘between’ + esse ‘be’. The -t was added partly by association with Old French interest ‘damage, loss’, apparently from Latin interest ‘it is important’. The original sense was ‘the possession of a share in or a right to something’; hence interest. interest and the verb arose in the 18th century interest was influenced by medieval Latin interesse ‘compensation for a debtor's defaulting’
Business — Set 1
Set 1 of Business covers 5 words: interest, savings, deposit, wage, profit. Each entry below includes its definition, an example sentence, and synonyms — practice them with the interactive cards above.
interest · noun/ˈɪnt(ə)rəst/
the amount of money that is taken from you for borrowing money
How much interest do you pay on the money you loaned from the bank?
Synonyms: dividends, returns, gain
Origin: late Middle English (originally as interess): from Anglo-Norman French interesse, from Latin interesse ‘differ, be important’, from inter- ‘between’ + esse ‘be’. The -t was added partly by association with Old French interest ‘damage, loss’, apparently from Latin interest ‘it is important’. The original sense was ‘the possession of a share in or a right to something’; hence interest. interest and the verb arose in the 18th century interest was influenced by medieval Latin interesse ‘compensation for a debtor's defaulting’
savings · noun/ˈseɪvɪŋ/
money that is saved in a bank or invested to be used later
Some old people refuse to put their savings in a bank; instead, they hide their money in their houses.
Synonyms: funds, investment
Origin: Middle English: from save; the preposition probably from save, on the pattern of touching
deposit · noun/dəˈpɑzət/
a payment given as a guarantee that an obligation will be met
If you want to buy this house, a deposit of 10% is required.
Synonyms: down payment, security
Origin: late 16th century (especially in the phrases in deposit or on deposit): from Latin depositum (noun), medieval Latin depositare (verb), both from Latin deposit- ‘laid aside’, from the verb deponere
wage · noun/weɪdʒ/
the amount of money that is earned for working
Most of these workers are struggling to support themselves and their families with their low wages.
Synonyms: salary, income, revenue
Origin: Middle English: from Anglo-Norman French and Old Northern French, of Germanic origin; related to gage and wed
profit · noun/ˈprɑfət/
the difference between the money that is spent and money that is earned
This is a very promising company. It made a huge profit of $500,000 in a year.
Synonyms: financial gain, earnings
Origin: Middle English (in the sense ‘advantage, benefit’): from Old French, from Latin profectus ‘progress, profit’, from proficere ‘to advance’, from pro- ‘on behalf of’ + facere ‘do’. The verb is from Old French profiter