---“Interest”: The colloquial word used to represent a % paid in cash on your invested principal or which you pay on money borrowed, now mostly used on the investment end on Savings and Checking Accounts.Actually, "Interest" is the dollars paid, "Interest Rate" is the percent paid in cash on invested principal.Good pick-up Mark. Should probably read, ---“Interest”: The colloquial word for the amount paid in cash on your invested principal or which you pay on money borrowed, now mostly used on the investment end on Savings and Checking Accounts.There's an awkwardness, here, in trying to talk about "interest" as the lay word that shows up as "dividends" in the financial jargon, and "rate of interest paid or owed," which is "yield" in financial jargon. I've been trying to avoid saying "interest rate," because that seems to have become this media flash that refers to what the Fed is doing. "Yield" gets confusing, too, because yields get listed in so many different ways, as we've learned with SEC yields on bond funds.
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