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rate of interest vs base rate

base rate vs rate of interest

rate of interest and base rate both are nouns.

Word NounAdjectiveVerbAdverb
rate of interest Yes No No No
base rate Yes No No No
As nouns, base rate is a hyponym of rate of interest; that is, base rate is a word with a more specific, narrower meaning than rate of interest:
  • rate of interest: the percentage of a sum of money charged for its use
  • base rate: the interest rate set by the Bank of England for lending to other banks
rate of interest (noun) base rate (noun)
the percentage of a sum of money charged for its use the interest rate set by the Bank of England for lending to other banks
Difference between rate of interest and base rate

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