Definition of interest-free in English English dictionary
An interest-free loan has no interest charged on it. He was offered a £10,000 interest-free loan Interest-free is also an adverb. Customers allowed the banks to use their money interest-free. an interest-free loan has no interest charged on it
(Finans) The risk-free interest rate is the interest rate that it is assumed can be obtained by investing in financial instruments with no default risk. However, the financial instrument can carry other types of risk, e.g. market risk (the risk of changes in market interest rates), liquidity risk (the risk of being unable to sell the instrument for cash at short notice without significant costs) etc