What is interest and how does it work?
Interest is the price you pay to borrow money or the cost you charge to lend money.
4 min read
Mar 31, 2025
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.