Loans
Lump-sum repayment, explicit interest
1/1/X1, XYZ borrowed 100,000 from a bank for five years agreeing to pay 7.5% interest annually.
As it was stated in the contract, the explicit interest rate was 7.5%.
Loan contracts generally specify interest rates. As they are explicitly stated, they are commonly known as explicit or stated interest rates. They may also be referred to as quoted, coupon or nominal rates.