APR
Borrowing cost acronym
APR stands for annual percentage rate—the yearly cost of borrowing money, expressed as a percentage.
It includes interest plus fees, giving a fuller picture of loan costs than the interest rate alone: The credit card's APR is 24%.
Lenders are required to disclose APR to help consumers compare offers.
A 0% APR promotion means no interest charges during that period.
Borrowed money repaid later
- mortgageSecured home loan
- creditRecognition or payment deferral
- debtMoney owed another
- interestAttention, stake, or fee
borrowing · lending · rate · principal · amortization · refinancing · creditworthiness · underwriting
Proportion out of hundred
- rateMeasured speed or charge
- proportionComparative relation of parts
- ratioComparative numerical relation
- fractionPart divided by whole
decimal · calculation · formula · annualized · compounding · basis · points · conversion
loan
Borrowed money repaid later
interest · borrowing · lending · rate · principal · amortization · refinancing · creditworthiness · underwriting · collateral
percentage
Proportion out of hundred
- rateMeasured speed or charge
- proportionComparative relation of parts
- ratioComparative numerical relation
fraction · decimal · calculation · formula · annualized · compounding · basis · points · conversion · effective
showers
Light, passing rainfalls
buds · greenery · warmth · melting · pollen · allergies · Easter · Passover · equinox · planting
- bankingbank, banks, ATM, ATMs, account
- financebank, CFO, banks, controller, finance
- financial termswealth, asset, currency, balance sheet, audit
- personal financesavings, income, credit, investments, bills
- credit cardscredit card, loyalty card, cardholder, cashback offers, card number
- financial metricsROI, ROE, EPS, P/E ratio, PE ratio
APRAPY
Annualized compounded interest rate
rate of return · yield · base rate · savings rate · deposit rate
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- April showersSeasonal springtime precipitation
- April Fool's DayHoliday for harmless deception
- April FoolsPranked people or their holiday
- dried apricotsMoisture-removed stone fruit
- April 15Federal income tax deadline