cost of money

cost of money (usually uncountable, plural costs of money)

1. (business, finance) The interest rate paid for borrowed funds or the interest itself.
   • 1993 Nov. 21, "Seoul Surging," Business Week (retrieved 25 Aug 2014):

     The government has also deregulated interest rates, letting the market decide the cost of money.

   • 1994 Jan. 4, "Dow Ekes Out a Slight Rise as Most Stocks Slip," New York Times (retrieved 25 Aug 2014):

     Stocks and bonds have often moved in tandem recently because low interest rates make shares more appealing and cut the cost of money to companies.

   • 2006 June 27, Richard Lehmann, "Get Ready For Stagflation," Forbes (retrieved 25 Aug 2014):

     During the span of time that oil and other natural resources costs have more than doubled, the cost of money, or interest rates, has gone from 1% to 5%.

   • 2012 June 26, R. A., "The twilight of the central banker," Economist (retrieved 25 Aug 2014):

     Central banks change the cost of money—the interest rate—in order to clear labour markets.

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