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annual percentage rate

   Also found in: Legal, Financial, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
annual percentage rate
n
(Economics, Accounting & Finance / 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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APR, or annual percentage rate also contributes to the amount of credit card debt.
Barnardo's claimed Provident was charging interest rates up to 545% annual percentage rate (APR).
Additionally, lenders must provide new disclosures, including a revised annual percentage rate if the existing interest rate significantly changes between the time the early disclosure is provided and the closing date.
 
 
 
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