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Annual Percentage Rate
(redirected from Annual yield rate)

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.

The actual cost of borrowing money, expressed in the form of a yearly measure to allow consumers to compare the cost of borrowing money among several lenders.

The Federal Truth-in-Lending Act (15 U.S.C.A. § 1601 et seq. [1968]) mandates the complete disclosure of this rate in addition to other credit terms.

Cross-references

Truth in Lending Act.



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It is not correct to divide an annual yield rate by a lesser number of periods.
Present worth computations for the 48 proposed lots, assuming an absorption schedule as discussed earlier and an annual yield rate of 15.
 
 
 
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