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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They argued that when Heritage first moved to the Bellingham airport, former port executive Jim Darling had offered to lease land to the museum for a nominal annual rate of $1, with consideration to its nonprofit status and the potential tourism it could bring.
The nominal annual rate of return on Mary's portfolio is 9% and the annual inflation rate is 4%.
Those who choose the limited service will be able to access the information resource center, member services, Foundation information, Certified Protection Professional, and educational program sections of ASISNET, plus use the electronic bulletin board, for a nominal annual rate.