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Annual Percentage Rate (APR)



Annual Percentage Rate (APR)

Definition

The annual percentage rate (APR) is an interest rate that is different from the note rate.

It is commonly used to compare loan programs from different lenders.

The Federal Truth in Lending law requires mortgage companies to disclose the APR when they adve

Related Terms

Other terms related to 'Annual Percentage Rate (APR)' starting with the letter 'A'

Arbitration, Automated Teller Machines (ATMs), APR, Affirmation, Authorized user

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