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Annual Percentage Rate
(redirected from Apr)

    Also found in: Dictionary/thesaurus, Financial, Acronyms, Encyclopedia, 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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A few years ago, credit card companies started offering a 0% APR feature to attract more customers APR stands for annual percentage rate, and it represents the interest rate that is applied to the balance you carry A few years ago, credit card companies started offering a 0% APR feature to attract more customers.
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