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 ?
5% annualized rate, after rising 4% in the prior period.
Installation services for windows and doors are forecasted to rise at an annualized rate of 2%, IBISWorld says.
The textile industry grew at an annualized rate of 40.
ACCORDING TO FREDDIE MAC'S QUARTERLY Conventional Mortgage Home Price Index, growth in home values increased by an annualized rate of 6.
Topol and his colleagues calculated that in the studies, heart attacks occurred at an annualized rate of 0.
For the first four months of 2001 overall food price inflation is running at an annualized rate of 3.
2% annualized rate during the 3rd quarter of this year.
The annualized rate of the latest six-month return on assets rose to .
1% in August, which was in-line with forecasts, while the annualized rate of inflation tumbled 5.
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.