Modified Annual Percentage Rate

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Definition: Modified Annual Percentage Rate

Modified Annual Percentage Rate

Quick Summary of Modified Annual Percentage Rate

An index of the cost of a loan based on the standard APR but adjusted for the amount of time the borrower expects to hold the loan.

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Synonyms For Modified Annual Percentage Rate

MAPR

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Page URL
https://payrollheaven.com/define/modified-annual-percentage-rate/
Modern Language Association (MLA):
Modified Annual Percentage Rate. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
May 19, 2024 https://payrollheaven.com/define/modified-annual-percentage-rate/.
Chicago Manual of Style (CMS):
Modified Annual Percentage Rate. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/modified-annual-percentage-rate/ (accessed: May 19, 2024).
American Psychological Association (APA):
Modified Annual Percentage Rate. PayrollHeaven.com. Retrieved May 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/modified-annual-percentage-rate/

Definition Sources

Definitions for Modified Annual Percentage Rate are sourced/syndicated and enhanced from:

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

This glossary post was last updated: 20th November, 2021 | 0 Views.