Finance & Banking

APR

ˌeɪ piː ˈɑːr

noun

What does APR mean?

Annual Percentage Rate — yearly loan/credit cost.

Example sentence

"Credit cards charge over 20% APR."

American usage tip

Never carry a balance if you can avoid it.

Related Finance & Banking words

Tax return
The annual filing of your income taxes.
Pay yourself first
Save automatically before spending.
Credit freeze
Locking your credit file against fraud.
Emergency fund
Savings covering 3-6 months of expenses.
Index fund
A fund tracking a whole market index.
Savings account
An account that earns interest on stored money.
IRA
Individual Retirement Account.
Interest rate
The cost of borrowing or reward for saving.

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