APR
/ˌeɪpiˈɑːr/
/-ˈɑːr/ noun [S] FINANCE, BANKINGDefinition
› abbreviation for Annual Percentage Rate: the interest rate on a loan, credit card, etc., calculated over a period of twelve months: The promotion promises no annual fee for the first year, and an interest rate of just 5.9% APR on balance transfers.
(Definition of APR noun from the Cambridge Business English Dictionary
© Cambridge University Press)
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