Glossary Business & Economy
Interest rate
The price of borrowing money. When a central bank moves its policy rate, mortgages, business loans and savings returns follow, though rarely at the same speed.
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More from the glossary
Revenue
Total income from sales, before any costs. A company can grow revenue for years while losing…
Legislation
Law made by a parliament or congress, as opposed to rules written by regulators or judgements…
Inflation
The rate at which prices rise across an economy, reducing what a unit of currency buys.…
Deflation
A sustained fall in the general price level. It sounds welcome but tends to delay spending…