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Glossary
To Spend or To Save… That Is a Good Question!
A Look at Paying and Receiving Interest

Summary

  • Interest is the monetary return on money saved or money loaned.
  • If you are a borrower, interest is the money you pay for the use of another's money. Click here for an example.
  • If you are a lender, interest is the money you receive for letting others use your money. Click here for an example.