Meaning of “APR” in the English Dictionary

"Apr." in Business English

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also Apr uk us

written abbreviation for April

APRnoun [ S ]

uk /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.” from the Cambridge Business English Dictionary © Cambridge University Press)