APR Financial Glossary

What is it? The Annual Percentage Rate. This rate takes into account all the costs, interest charges and arrangement fees and allows you to compare credit facilities on a like for like basis.

Finance Term Definition Added By: Parker

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Other Similar Finance Terms:

Financial Term debt security is Any financial instrument representing a creditor relationship between the issuer (the debtor) and the holder of the instrument (the creditor). This generally includes all U.S. Treasury securities, municipal securities, corporate bonds, convertible debt, commercial paper, and securitized debt instruments such as CMOs and REMICs. Debt securities are usually not defined to include option contracts, futures contracts, forward contracts, lease contracts, or nonsecuritized loans.

Financial Term Penalty Interest is Loss of interest or charge incurred on partial withdrawal or closure of account where account conditions allow.

Financial Term CollegeLevel Examination Program (CLEP) is A series of examinations demonstrating a students proficiency in a subject area, for which some postsecondary institutions offer credit.

Financial Term eligible bankers acceptances is Bankers acceptances that meet Federal Reserve requirements and thus can serve as collateral for bank borrowings from the Federal Reserve. The accepting bank can sell eligible BAs without incurring reserve requirements. (When an accepting bank sells an ineligible BA, the sale is treated as a borrowing subject to reserve requirements.)

Financial Term Annual Report is All quoted companies have a legal obligation to send shareholders annual results within six months of their financial year-end. This is a status report on the current condition of a company.