Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
coupon interest rate
See coupon rate under INTEREST RATE.
interest rate
The percentage that a borrower of money must pay to the lender in return for the use of the money, usu. expressed as a percentage of the principal payable for a oneyear period. - Often shortened to rate. - Also termed rate of interest.
stated interest rate
See nominal rate under INTEREST RATE.