The difference between Cost of money and Interest
When used as nouns, cost of money means the interest rate paid for borrowed funds or the interest itself, whereas interest means the price paid for obtaining, or price received for providing, money or goods in a credit transaction, calculated as a fraction of the amount or value of what was borrowed.
Interest is also verb with the meaning: to engage the attention of.
check bellow for the other definitions of Cost of money and Interest
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Cost of money as a noun (business, finance):
The interest rate paid for borrowed funds or the interest itself.
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Interest as a noun (uncountable, finance):
The price paid for obtaining, or price received for providing, money or goods in a credit transaction, calculated as a fraction of the amount or value of what was borrowed.
Examples:
"Our bank offers borrowers an annual interest of 5%."
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Interest as a noun (uncountable):
A great attention and concern from someone or something; intellectual curiosity.
Examples:
"He has a lot of interest in vintage cars."
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Interest as a noun (uncountable):
Attention that is given to or received from someone or something.
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Interest as a noun (countable):
An involvement, claim, right, share, stake in or link with a financial, business, or other undertaking or endeavor.
Examples:
"When scientists and doctors write articles and when politicians run for office, they are required in many countries to declare any existing [[conflict of interest conflicts of interest]]."
"I have business interests in South Africa."
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Interest as a noun (countable):
Something or someone one is interested in.
Examples:
"Lexicography is one of my interests."
"Victorian furniture is an interest of mine."
"The main character's romantic interest will be played by a non-professional actor."
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Interest as a noun (obsolete, rare):
Injury, or compensation for injury; damages.
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Interest as a noun (usually plural):
The persons interested in any particular business or measure, taken collectively.
Examples:
"the iron interest;  the cotton interest'"
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Interest as a verb:
To engage the attention of; to awaken interest in; to excite emotion or passion in, in behalf of a person or thing.
Examples:
"It might interest you to learn that others have already tried that approach."
"Action films don't really interest me."
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Interest as a verb (obsolete, often, _, impersonal):
To be concerned with or engaged in; to affect; to concern; to excite.
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Interest as a verb (obsolete):
To cause or permit to share.