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Glossary   >   A   >   "Annual equivalent rate" Definition            Annual equivalent rate A figure quoted in loan advertisements to help people make compare one product with another. It indicates what the rate would be if interest was paid just once a year. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Annual equivalent rate - A figure quoted in loan advertisements to help people make compare one product with another. It indicates what the rate would be if interest was paid just once a year.