Definition of “APR” - English Dictionary

british dictionary
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“APR” in British English

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APRnoun [ S ]

uk /ˌeɪ.piˈɑːr/ us /ˌeɪ.piˈɑːr/

abbreviation for Annual Percentage Rate: the rate at which someone who borrows money is charged, calculated over a period of twelve months:

The interest rate on my credit card is currently 25.5 percent APR.

(Definition of “APR” from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

“Apr.” in Business English

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Apr.

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)