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.

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References in periodicals archive ?

To determine if there is a significant difference between the annual percentage rate of change for the periods 1961 to 1981 and 1982 to 2002 requires testing for coincidence of the two straight lines given in equation [4].

The annual increase of Northeastern regional timber stumpage prices: 1961 to 2002

* Upon approval, MBNA will set your annual percentage rate (APR) at 6.99 percent.

Heads up from NEA member benefits: this holiday season, shop smart and shop early for gifts your loved ones will value throughout the year!

"Consumers in need of short-term cash [should] avoid extremely expensive short term loans, and [should] instead build up a savings nest-egg to cover financial emergencies, seek budgeting and debt management assistance from non-profit consumer credit counseling services, and shop for credit based on both the dollar finance charge and the Annual Percentage Rate," advise the two organizations in a summary of a November 2001 study bashing the payday loan industry.

Legal loan sharking or essential service? The great "payday loan" controversy

To work out which is going to work out cheapest you should study the annual percentage rate, which tells you the percentage of the original amount borrowed that you will have to pay back annually.

Money: Borrow now but don't pay forever

The Visa card will start at an annual percentage rate (APR) of 12.9 for the first six months and then move up to 16.9.

Trolley good...get dough from Tesco

We guess it's not enough that the annual percentage rate almost doubled, going from 10.5 to 19.8 percent.

Gouging

Tenders are invited for Annual Percentage Rate Contract On Mes Ssr 2010 For Joinery, Masonry, Plumbing And Sanitation , Fabrication, Cement Concrete And Connected Works In Ofk Hospital Bldgs.

Annual Percentage Rate Contract On Mes Ssr 2010 For Joinery, Masonry, Plumbing And Sanitation , Fabrication, Cement Concrete And Connected Works In Ofk Hospital Bldgs. In Eastland Estate

CashLady typically charges an annual percentage rate of 1,272%.

Nurses and troops 'rely on pay loans'

How many of you know the difference between annual percentage rate and equivalent annual rate?

Are we all paying the price for putting up with gobbledygook?

The national average annual percentage rate (APR) dropped to 14.89 percent Wednesday after Pentagon Federal Credit Union lowered the minimum APR on one of its low interest credit cards.

Credit card rates continue slide to 14.89%

A federal judge in California has ruled that a decision by HSBC Bank USA NA (LSE: HSBA) and Capital One NA to apply for a credit card payment to a balance with a lower annual percentage rate has not violated consumer protection laws.

HSBC, Capital One clear card payments lawsuit

Credit card rates have been edging up in recent months and reached a 19.1% in April, according to financial information website Moneyfacts, which started tracking APR (annual percentage rate) figures in 2007.