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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Page URL
https://payrollheaven.com/define/annual-percentage-rate-apr/
Modern Language Association (MLA):
Annual Percentage Rate (APR). PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 22, 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: November 22, 2019).
American Psychological Association (APA):
Annual Percentage Rate (APR). PayrollHeaven.com. Retrieved November 22, 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:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

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