Glossary
Interest rates
The amount of interest you pay on a loan or are paid for an investment, usually expressed in a percentage.
Money paid in return for the use of money. If the bank is using your money (in a savings account) they pay you interest. If you are using the bank's money (via a loan), you pay the bank money.
A way to use your money to make it grow.
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Here you'll find explanations of the many financial terms used throughout the Sorted website.
