high-interest
UK[ˌhaɪ ˈɪntrəst]US[ˌhaɪ ˈɪntrəst]
adj
(of a loan or savings account) having a rate of interest that is significantly above the average or standard rate.
Morpheme Breakdown
high
interest
high
elevated
interest
financial charge
Etymology
The compound "high-interest" is a modern financial term constructed from two native English elements. "High" derives from the Old English word for physical elevation, which evolved to describe any great degree or amount. "Interest" has a more complex journey, originating from the Latin legal concept of compensation, which transformed into the financial charge for borrowed money. The logic of the compound is transparently literal: it directly describes a financial rate that is elevated or above the standard level, applying the concrete concept of height to an abstract economic measurement.
Analysis
Structure: high (elevated) + interest (financial charge)
- high: From Old English hēah, meaning "tall, lofty, high." In this compound, it functions as an intensifier, indicating a degree significantly above the norm.
- interest: From Anglo-French interesse, from Medieval Latin interesse ("compensation for loss"), from Latin interesse ("to be between, to make a difference, to concern"). In this compound, it refers to the money charged for borrowing or earned from lending capital.
Examples
The store offered a high-interest credit card to new customers.
She was cautious about taking out a high-interest loan.
Before the regulation, many payday lenders were notorious for their high-interest rates.