What is ANNUAL PERCENTAGE RATE (APR)?

A way to quote interest rate on loans. It is done when interest is done nonannually. It incldes all fees and remaining principal. Refer to add on loan.

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Related Legal Terms
ANNUAL PERCENTAGE YIELD (APY), NOMINAL ANNUAL RATE, ANNUAL FIXED RATE, NOMINAL RATE OF INTEREST, NOMINAL LOAN RATE, CALL MONEY RATE, LOAN RATE, ANNUAL MORTGAGOR STATEMENT, BANK RATE, PRIME RATE FUND


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