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EAR
noun [C] BANKING, FINANCEDefinition
› abbreviation for Effective Annual Rate: the rate of interest paid on an investment or a loan in one year that includes compound interest (= interest calculated on both the amount of money and the interest added to it): The bank's overdraft rate is 0.94% (11.9% EAR).
(Definition of EAR noun from the Cambridge Business English Dictionary
© Cambridge University Press)
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