APR
1 Americannoun
abbreviation
abbreviation
abbreviation
Usage
What does APR mean in banking? APR is an abbreviation of annual percentage rate, which is the annual rate of interest a bank or other creditor charges for lending money to a borrower. The APR is expressed as a percentage of the loan amount and includes not only the annual interest on the loan but all other costs involved in getting the loan.An APR can also refer to the annual rate of return on an investment (also called the annual percentage yield or APY), such as a savings CD (certificate of deposit), expressed as a percentage of the investment amount.
Etymology
Origin of APR
First recorded in 1970–75
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
Stuck with mounting debt carrying 22% to 26% APR, Um helped the client refinance the debt into a three-year personal loan with a 9.5% APR.
From MarketWatch
This person had around $25,000 in credit-card debt with a 24% APR, and they took out a $30,000 personal loan at 11% interest to pay it off.
From MarketWatch
Airbus said it would propose a 2025 dividend of 3.20 euros a share at its shareholders’ meeting on Apr. 14, compared with a dividend of 2 euros a share and a special dividend of 1 euro a share for the previous year.
For those who are saddled with burdensome credit-card debt, experts recommend contacting the bank’s customer-service department to negotiate lower interest rates, or transferring balances to a new card with a 0% introductory APR that puts payments entirely toward the principal.
From MarketWatch
“This pilot will give eligible renters a flexible option to apply to pay rent in two equal payments over two weeks at 0% APR,” an Affirm spokesperson told MarketWatch.
From MarketWatch
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
