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' Affinity card, Annual fee, Appraisal Fee, Air miles, Asset
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