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English definition of “APR”

APR

noun [S]     /ˌeɪ.piˈɑːr/ US  /-ˈɑːr/
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.Savings, interest and capital
(Definition of APR noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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