Define: Annual Percentage Rate (APR)

UK Accounting Glossary

Definition: Annual Percentage Rate (APR)


Quick Summary of Annual Percentage Rate (APR)


The annual equivalent rate of return on a loan or investment in which the rate of interest and charges are specified in terms of an annual rate of interest. Most investment institutions are now required by law to specify the APR when the interest intervals are more frequent than annually.



What is the dictionary definition of Annual Percentage Rate (APR)?

Dictionary Definition


The annual equivalent rate of return on a loan or investment in which the rate of interest and charges are specified in terms of an annual rate of interest.

 


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Full Definition of Annual Percentage Rate (APR)


The annual equivalent rate of return on a loan or investment in which the rate of interest and charges are specified in terms of an annual rate of interest.

Most investment institutions are now required by law to specify the APR when the interest intervals are more frequent than annually.


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Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/annual-percentage-rate-apr/
Modern Language Association (MLA):
Annual Percentage Rate (APR). PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 15, 2019 https://payrollheaven.com/define/annual-percentage-rate-apr/.
Chicago Manual of Style (CMS):
Annual Percentage Rate (APR). PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/annual-percentage-rate-apr/ (accessed: September 15, 2019).
American Psychological Association (APA):
Annual Percentage Rate (APR). PayrollHeaven.com. Retrieved September 15, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/annual-percentage-rate-apr/

Definition Sources


Definitions for Annual Percentage Rate (APR) are sourced/syndicated from:


This glossary post was last updated: 26th December 2018.