What Is Interest?

Participation Finance Concepts 01.03.2021, 14:16 12.03.2021, 14:18
What Is Interest?

Interest: The state of inequality that is caused by real or legal surplus stipulated or occurred in favour of one of the parties during borrowing or trade. It is the profit received in exchange for money lent to a bank or a similar institution or a person to be used for a certain period of time; money paid to use or operate someone else's money for a certain period of time.

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