annual percentage rate

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annual percentage rate

n
(Banking & Finance) the annual equivalent of a rate of interest when the rate is quoted more frequently than annually, usually monthly. Abbreviation: APR
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THERE has been a tremendous amount of controversy in the news recently regarding pay day loan companies, all of whom charge extortionate amounts in their annual percentage rates (APR).
People were encouraged to think carefully before signing agreements, compare lenders and Annual Percentage Rates (APRs) before borrowing and to get impartial debt advice.
Annual percentage rates of change for Northeastern regional sawtimber and pulpwood stumpage prices were estimated for the period 1961 to 2002.
Plaintiffs allege that insurers should disclose annual percentage rates and finance charges if a single annual payment would total less than a year of monthly, quarterly or semiannual premium payments.
The annual percentage rates may well be sky-high, but payday loans are often less expensive than the alternatives: bounced check fees or illegal loan sharks.
It is stopping credit card firms describing introductory cut-price rates as ongoing Annual Percentage Rates when they are no such thing.
Is it best to compare annual percentage rates and if so, what's the best way to do so?
About half have annual percentage rates (APRs) of 18 percent or higher.
Advertising "low" annual percentage rates or "no transaction fees" does not trigger the requirement to state additional cost information about the card account.
50% reserve account, the yield supplement account (YSA) designated to compensate for low annual percentage rates (APR), and the availability of excess spread.
8 billion sector on either the annual percentage rates (APRs) charged or the cost of associated insurance, with most APRs clustered around 30per cent.
Fitch also noted adverse selection in subvented loans, which are loans originated through manufacturer campaigns with low borrower annual percentage rates (APRs) that usually apply to low credit risk borrowers.