What is interest? Definition, how it works and examples
Interest is the price you pay to borrow money or the cost you charge to lend money.
4 min read
Aug 21, 2024
Rick Hoel
Insurance Contributor
Highlights
- Insurance contributor at Bankrate
- Featured in Reviews.com and Accessibility.com
- General Counsel and Director of Risk Management sitting on the Board of Power Stow Americas Inc.
Experience
Rick Hoel is an international business attorney and legal and insurance writer for Bankrate as well as Reviews.com and Accessibility.com. Over the last several years, he has covered topics dealing with personal and commercial insurance and technology and the law. Rick is General Counsel and Director of Risk Management and sits on the Board of Power Stow Americas Inc., a subsidiary of Power Stow A/S in Denmark, the world leader in the supply of tracked conveyor systems to the airline industry.
Rick's latest articles
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Best life insurance for recovering alcoholics
Insurers determine the risks associated with each applicant’s life expectancy. Those with serious health problems are a higher risk. Alcoholics present a significant risk in insurers’ eyes because a host of serious illnesses are linked to alcoholism. Recovering alcoholics may want to be aware of this stark reality in searching for life insurance.
5 min read Oct 26, 2022 -
Kansas state taxes 2021: Income and sales tax rates
Kansas has three state income tax rates: 3.10%, 5.25% and 5.70%.
2 min read Dec 06, 2021