Definition

APR

APR is annual Percentage Rate. The cost of credit (i.e., the interest rate) expressed as a yearly rate.

Share it:  Cite

More from this Section

  • Air-Drying
    Air-Drying is the process of drying paint by exposing it to air at normal temperatures. ...
  • Beltline
    Beltline is the horizontal line defined by the lower edges of a vehicles windscreen, rear ...
  • Hill holder
    ...
  • Mileage allowance
    Mileage allowance is in a vehicle lease; the number of miles the lessee is permitted to ...
  • Amendment
    Amendment is a change to the basic policy contract. ...