Annual Percentage Rate (APR) Financial Glossary

What is it? The yearly interest percentage of a loan, as expressed by the actual rate of interest paid. For example, 6% add-on interest would be much more than 6% simple interest, even though both would say 6%. The APR is disclosed as a requirement of federal truth in lending statutes.

Finance Term Definition Added By: Elijah

Send To Friends!

If you'd like to send the Annual Percentage Rate (APR) definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -


We hope you now understand the meaning of Annual Percentage Rate (APR). If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Upper Earnings Limit is The maximum earnings on which National Insurance contributions are payable by employees.

Financial Term Market Capitalization is The total dollar value of all of a companys outstanding shares. It is calculated by multiplying the number of outstanding shares times the current market share price and is often referred to as market cap.

Financial Term Personal Pension Plan is Personal Pension Plans are designed to cater for pension planning for the self employed or employed in non-pensionable employment. Contributions made to a personal pension plan are exempt from tax at the persons highest rate of tax and the retirement age may be selected at any time from age 50 to age 75. Up to 25% of the pension fund on retirement may be taken as a tax free cash sum and it is this tax free sum which is used to repay the mortgage debt in the case of a Pension Mortgage.

Financial Term Collection Fund is A fund managed by the billing authority (District Council) to receive Business Rates income and Council Tax income. It is also used to make payments to the national business rates pool and to pay a share of council tax collected to the County Council, Police Authority, District Council and Parish Councils.

Financial Term HSB is Hold / speculative buy