Annual Percentage Rate

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Annual Percentage Rate

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.

References in periodicals archive ?
The textile industry grew at an annualized rate of 40.
For the first four months of 2001 overall food price inflation is running at an annualized rate of 3.
The annualized rate of the latest six-month return on assets rose to .
Series C preferred share dividends are cumulative and payable quarterly at an annualized rate of $4.
Home and apartment construction fell nearly 14 percent from June to an annualized rate of 434,000 units.
68 per SF, while Midtown South class "B" properties continue to experience the most dramatic appreciation in the city at an annualized rate of 62.
FREDDIE MAC'S CONVENTIONAL MORTgage Home Price Index shows that home values rose at an annualized rate of 5.
1% in March, while the annualized rate slipped to 2.
4 million units and grow at an annualized rate of over 4% to reach nine million units in 2004.
Tracy and his team recently scoured the investment landscape in search of companies with dividends yields above 4%, payout ratios equal to or less than 100%, and a history of boosting dividends by an annualized rate of at least +5%.
8% in the previous month, which lowered the annualized rate to only 0.
3 million units and grow at an annualized rate of nearly 5% to exceed nine million units in 2004.