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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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