price of money
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English[edit]
Noun[edit]
- (finance) The rate of discount in lending or borrowing capital.
- 2009, Hans Visser, Islamic Finance: Principles and Practice, page 25:
- Apart from the fact that interest is not the price of money but the price of credit, that is, for borrowing money, it looks like Choudhury only wants to accept money as a means of exchange and a numeraire, not as an asset in its own right.