high-interest

Thân thiện

A person reads a high-interest loan agreement with concern.

Definition

Adjective: - (Finance, of a loan or credit product) Having a relatively large percentage rate charged on the borrowed principal. This term specifically describes financial obligations where the cost of borrowing, expressed as an interest rate, is significantly above average or standard market rates.

Usage

The adjective "high-interest" is used attributively, almost exclusively before a noun, to classify a type of loan, account, or debt. It carries a negative connotation, implying a burdensome or expensive cost for the borrower. - It modifies nouns like loan, rate, account, debt, credit card.

Examples

• Attributive use:
  • She was struggling to pay off her high-interest credit card debt.
  • The company offered a high-interest loan to customers with poor credit scores.
  • Avoid storing your savings in a high-interest checking account that has monthly fees.

Advanced Usage

• "high-interest-bearing": A less common variant emphasizing that the account or instrument generates high interest for the saver or investor, though "high-yield" is more typical for this positive context.
  • The bank promoted its new high-interest-bearing savings account.

Variants and Related Words

• High-rate (adj): Often used interchangeably with "high-interest" in financial contexts (e.g., high-rate loan).
• High-yield (adj): Typically describes investments or savings accounts that pay a high return; the connotation can be positive (for the earner) versus the negative connotation of "high-interest" (for the payer).
• Usurious (adj): Legally or ethically excessive interest rates.

Synonyms

• Costly (in the context of borrowing)
• Exorbitant (implying unfairly high rates)

Antonyms

• Low-interest
• Interest-free
• Zero-percent (as in zero-percent financing)

Related Phrases

• High-interest environment: A period when prevailing interest rates across the economy are high.
  • Buying a home is more challenging in a high-interest environment.
• To carry high-interest debt: To have outstanding loans with high rates.
  • His financial advice focused on paying down high-interest debt first.

Học thuật

Adjective

1. (used of loans) charging a relatively large percentage of the amount borrowed