| 释义 |
DictionarySeeannual percentage rateLegalSeeAnnual Percentage RateNominal annual rate
Nominal annual rateAn effective rate per period multiplied by the number of periods in a year. Same as annual percentage rate.Annual Percentage RateThe cost of funds or interest rate for an entire year expressed as a single percentage. Significantly, the APR does not account for compounding. For example, if the APR is 36%, the percentage is 3% per month, but the interest rate or cost of funds for the entire year may be greater than 36% due to the effects of compounding. By law, a credit card company or other lender must inform the customer of the APR before any agreement is signed. The APR provides the customer with a convenient number against which to compare the cost of funds for other loans or investments. It is less commonly called the annual rate of return or the nominal annual rate.AcronymsSeeNAR |