economy

definition of interests

The concept of interests corresponds to the plural of the term interest, a word that in our language presents different references.

On economic matter, for example, the concept of interest has a remarkable importance and presence since through it the concept of interest is called that profit that results from the capital that someone owns, that is, the benefit or utility that a material good has, to mention one case.

In the economic context, likewise, the term is used to designate the Index that indicates the profitability of a savings, of an investment, or failing that, the cost of a loan that is granted or taken, that is, in this sense, the interest will indicate the money that will be obtained after placing a certain amount of money in a fixed term, or on the contrary, the sum that will have to be disbursed as a result of having contracted a loan that will present such interest.

With figures we will understand it better ... If I have $ 5,000 and I place them in a fixed term in the bank and for that reason the bank offers me an annual interest of 14%, at the end of the year I will obtain a profit of $ 700.

Meanwhile, if the bank grants me a credit of $ 10,000 with an interest of 12% per year, $ 1,200 will have to be paid month by month, as a concept of that loan.

It is worth noting that an interest rate will represent the value that money presents in a certain market, so when more money circulates, the lower the interest rate offered will be, and conversely, when money is lacking, the rate will rise.

On the other hand, the word interest is used very frequently also to refer to that feeling that causes a person's attention to focus on a specific object, event or subject. It should be noted that interest is usually expressed physically through the dilation of the pupils of someone who is interested in something.

The opposite concept to that of interest is that of disinterest, which precisely refers to the lack of interest, illusion and attention that something proposes.

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