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
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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The securitised portfolio is performing within Fitch's base case expectations of 7.0% annual charge offs, 22% annual yield rate and 6% monthly payment rate.
Specifically, an exchange, via the method of private placement, has been completed of six year bonds of the order of e1/4692,629,000.00, maturing on July 1 2019 of an annual yield rate of 4.50%.
Present worth computations for the 48 proposed lots, assuming an absorption schedule as discussed earlier and an annual yield rate of 15.0%, indicate a present worth of net development income of $1,625,000 (rounded).