APR - See: Annual Percentage Rate
1. Annual Percentage Rate. This is the compounded rate used to give a standard comparison of the amount of interest you are likely to pay on loans or outstanding credit card balances. 2. A statutory method of calculating the Annual Percentage Rate of charge to repay the total charge for credit over the period of the loan. 3. Allows customers to compare like with like when comparing costs between different lenders.
APR : see: annual percentage rate
1. annual percentage rate. this is the compounded rate used to give a standard comparison of the amount of interest you are likely to pay on loans or outstanding credit card balances. 2. a statutory method of calculating the annual percentage rate of charge to repay the total charge for credit over the period of the loan. 3. allows customers to compare like with like when comparing costs between different lenders.
APR