Annual Percentage Rate
For more information, see: Difference Between Interest Rate and APR.
Use this term in a sentence
“ You should always try and get the lowest annual percentage rate you can any time you are taking on a loan. ”
“ My boss was concerned about the high costs of corporate credit cards, so he negotiated with our bank to give us a lower annual percentage rate on our charges. ”
“ The Smiths went to Acme Bank for their home loan because that bank offered the best annual percentage rate, with the accumulated cost being nearly 2 percent lower than that of any competitor. ”