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Sollzins

debit interest, borrowing rate

noun ZOL-tsins Rare

Usage Note

Sollzins = the interest rate charged on a loan or overdraft. Contrasts with Habenzins. Always stated in credit agreements; every borrower should compare Sollzins and effektiver Jahreszins.

Examples

"Der Sollzins für den Kredit liegt bei 6,5 Prozent jährlich."

Natural Translation

The borrowing rate for the loan is 6.5 percent per annum.

Literal Translation

The debit-interest for the loan lies at 6.5 percent annually.

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