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Glite Dictionary
APR

APR

1 4.6
Yearly percentage cost of borrowing money that includes some extra fees
  • noun
  • /ˌeɪ piː ˈɑːr/
  • Specialized
translation icon : Tasa de Porcentaje Anual
  • Consumers should always check the APR when comparing loans because it includes both interest and fees.

Well, from a, from a running APR standpoint, it's a bad idea in most cases.

Examples

  • You can start with a thousand words on the effect of changing interest rate on store card APRs.

    Confessions of a Shopaholic (2009)

  • So APR is what you pay when you borrow money.

  • Well, from a, from a running APR standpoint, it's a bad idea in most cases.

    Lex Fridman

  • A thousand words on store card APRs?

    Confessions of a Shopaholic (2009)

  • An equal number said they lowered cardholders' APRs.

    Blog text (19)

  • The bank offers a competitive APR of 5% on mortgages, making it an attractive option for homebuyers.

  • A lower APR can save you a significant amount of money over the life of a loan.

How High

high-interest
12 4.2
APR
  • Specialized
1 4.6
low-interest
  • Specialized
33 3.4

Surface Forms

APR singular
APRs plural

Morphology

APR = annual + percentage + rate (semi-transparent) = A + P + R

APR is an initialism of 'annual percentage rate' so the expansion directly yields the meaning, but the letter sequence itself gives no semantic cues unless the expansion is known.

Etymology

APR stands for annual, percentage, and rate, where annual means 'each year' and percentage means 'a part of 100'. So, APR tells you the 'yearly percent' cost of a loan or the yearly return on an investment, often including some fees.