APRs
Yearly borrowing costs
APRs is the plural of APR, annual percentage rate—the yearly cost of borrowing money, expressed as a percentage.
APRs include not just interest but also fees and other charges, making them more useful than simple interest rates for comparing loans or credit cards: Credit card APRs can exceed 25%.
Compare APRs before choosing a mortgage.
Attention, stake, or fee
- percentageProportion out of hundred
- rateMeasured speed or charge
- usuryExtortionate money lending
- compoundingElements merging progressively
spread · margin · disclosure · comparison
Chief school administrator
- amortizationGradual debt reduction schedule
- installmentPeriodic partial payment
- termFixed period or word
- payoffCulminating benefit received
prepayment · debt · balance · accrual · compounding · capitalization
Secured home loan
- loanBorrowed money repaid later
- refinanceObtain new loan terms
- cardholderOne issued plastic
- bankPlace holding deposits
Creditworthiness rating system
- subprimeUnder top credit tier
- primeReadying for action
- approvalFavorable opinion given
- denialRefusal to accept reality
preapproval · underwriting · risk · default · creditworthy · borrower · lender · application
interest
Attention, stake, or fee
- percentageProportion out of hundred
- rateMeasured speed or charge
- usuryExtortionate money lending
compounding · spread · margin · disclosure · comparison
principal
Chief school administrator
- amortizationGradual debt reduction schedule
- installmentPeriodic partial payment
- termFixed period or word
payoff · prepayment · debt · balance · accrual · compounding · capitalization
mortgage
Secured home loan
- loanBorrowed money repaid later
- refinanceObtain new loan terms
- cardholderOne issued plastic
FICO
Creditworthiness rating system
denial · preapproval · underwriting · risk · default · creditworthy · borrower · lender · application · tier
APRsyields
Gives forth results
returns · savings rates · interest income · deposit rates · investment returns
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