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English definition of “APR”

APR

noun [S]     /ˌeɪpiˈɑːr/ US   /-ˈɑːr/ FINANCE, BANKING
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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