annual percentage rate (APR)

Definition of "annual percentage rate (APR)"
  1. A yearly interest rate that takes into account any fees or additional costs associated with obtaining a loan
How to use "annual percentage rate (APR)" in a sentence
  1. The car loan's annual percentage rate (APR) made it more expensive than the buyer initially anticipated.
  2. The credit card company clearly listed the annual percentage rate (APR) for new customers.
  3. Understanding the annual percentage rate (APR) helped Alice to compare different mortgage offers.
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