high-interest high-interest

Definition(s):

  • (adj) (used of loans) charging a relatively large percentage of the amount borrowed

Usage(s):

  1. Non-whites comprise only 9% of the high-interest group but 19% of the low-interest group.
  2. If you're experiencing a cash crunch awaiting your paycheck, there are better alternatives to the high-interest payday loans.

News

  1. Turkey's economy is vulnerable

    By Hugo Dixon LONDON (Reuters) - Tayyip Erdogan seems to like the concept of "choking" things. At the weekend, Turkey's prime minister sent riot police into an Istanbul park with tear gas and water cannons to clear out the protesters. A week earlier, he had threatened to "choke" an alleged "high-interest-rate lobby" of speculators who wanted to push interest rates up and suffocate the economy ...
    on June 18, 2013     Source: Reuters via Yahoo! News

  2. Column: Turkey's economy is vulnerable

    By Hugo Dixon LONDON, June 17 (Reuters) - Tayyip Erdogan seems to like the concept of "choking" things. At the weekend, Turkey's prime minister sent riot police into an Istanbul park with tear gas and water cannons to clear out the protesters. A week earlier, he had threatened to "choke" an alleged "high-interest-rate lobby" of speculators who wanted to push interest rates up and suffocate the ...
    on June 18, 2013     Source: Reuters via Yahoo! News

  3. Banks Balk at Proposed New 'Payday' Loan Rules

    Large banks are pushing back against regulators' plans to toughen rules on short-term, high-interest consumer loans, the Wall Street Journal reports.
    on June 17, 2013     Source: Los Angeles Business Journal

Quotes

  1. "While some states may be able to absorb a delay or obtain high-interest financing through private banks, California is so large that our short-term cash-flow needs exceed the entire budget of some states," Schwarzenegger wrote.
    on Oct 3, 2008 By: Arnold Schwarzenegger Source: Bloomberg

  2. "There was a big concern that the election of 2008 is coming up," Davis said. "People wanted to get the cases going. There was a rush to get high-interest cases into court at the expense of openness."
    on Oct 19, 2007 By: Morris Davis Source: Washington Post

Word of the Day
maxim maxim
/ˈmæk səm /