El interés
Example: El interés del banco sobre el préstamo es muy alto.
Definition
"El interés" in finance refers to the extra amount of money paid by a borrower to a lender, usually expressed as a percentage of the loan, for the privilege of using the lender's money over a period of time. For example, "El interés del banco sobre el préstamo es muy alto."
Etymology
The word "interés" comes from the Latin term 'interesse,' which means 'to be of importance' or 'to be between.' Originally, it referred to compensation or penalty, evolving in financial contexts to mean the charge for borrowed money. Did you know that the concept of 'interest' has been around since ancient times, reflecting the value of time and risk in lending?
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"El interés" appears in the Vocaplus list "Spanish - Finance - (A1-C2) - set 1", containing 150 commonly used words.
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