/liːɡəl ˈreɪt/ – Phrase
Definition: tỷ suất pháp định.
A more thorough explanation: The legal rate refers to the maximum interest rate that can be charged on a loan or other financial transaction as determined by law. This rate is typically set by legislation or regulatory authorities to protect consumers from usury or unfair lending practices. Violating the legal rate can result in penalties or legal consequences for the lender.
Example: The legal rate of interest in this jurisdiction is set at 5% per annum.