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English definition of “APR”

APR

noun [S] uk   /ˌeɪ.piˈɑːr/ us    /-ˈɑːr/
abbreviation for Annual Percentage Rate: the rate at which someone who borrows money is charged, calculated over a period of twelve months: The interest rate on my credit card is currently 25.5 percent APR.
(Definition of APR from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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