Meaning of “AER” in the English Dictionary

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"AER" in Business English

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AERnoun [ S ]


abbreviation for annual equivalent rate: the rate of interest that an investor will receive if they leave a particular amount of money in an account for one year:

The 7% interest rate is valid for six months, and then drops to 6% for six months, making an AER of 6.5% for the year.

(Definition of “AER” from the Cambridge Business English Dictionary © Cambridge University Press)