percentage rate
A 'percentage rate' is a way to express a ratio or proportion as a fraction of 100, commonly used in finance, mathematics, and statistics.
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Definition
B2General
A ratio or proportion expressed as a fraction of 100.
Example
- The survey showed a 75% satisfaction percentage rate among customers.
C1Finance
(technical)The annual cost of borrowing money, including interest and fees, expressed as a percentage of the principal amount.
Example
- The annual percentage rate (APR) for this loan is 5.5%.
C1Mathematics
(academic)The rate at which a particular value changes, represented as a percentage.
Example
- The population growth percentage rate has increased by 2% this year.
Similar
Terms that have similar or relatively close meanings to "percentage rate":
time ratediscount ratebase rateclearance rateopen ratedata rate