annual interest
31interest rate — The percentage of an amount of money which is paid for its use for a specified time. Commonly expressed as an annual percentage rate (APR). Federal and state laws regulate interest rate amounts and disclosures on consumer loans. See annual… …
32interest rate — The percentage of an amount of money which is paid for its use for a specified time. Commonly expressed as an annual percentage rate (APR). Federal and state laws regulate interest rate amounts and disclosures on consumer loans. See annual… …
33annual rest — Apart from a yearly vacation, the expression annual rest has a meaning in the law of interest. In charging compound interest to a fiduciary who otherwise will make a profit which a court of equity will not permit, the interest is computed… …
34Annual Percentage Rate - APR — The annual rate that is charged for borrowing (or made by investing), expressed as a single percentage number that represents the actual yearly cost of funds over the term of a loan. This includes any fees or additional costs associated with the… …
35interest — {{Roman}}I.{{/Roman}} noun 1 desire to learn/hear more about sb/sth ADJECTIVE ▪ avid, close, considerable, consuming, deep, great, intense, keen, lively …
36annual percentage rate — APR The annual equivalent rate of return on a loan or investment in which the rate of interest specified is chargeable or payable more frequently than annually. Most investment institutions are now required by law to specify the APR when the… …
37Annual Percentage Yield - APY — The effective annual rate of return taking into account the effect of compounding interest. APY is calculated by: The resultant percentage number assumes that funds will remain in the investment vehicle for a full 365 days. The APY is similar in… …
38interest rate — The monthly effective interest rate. For example, the periodic rate on a credit card with an 18% annual percentage rate is 1.5% per month. Bloomberg Financial Dictionary * * * interest rate ˈinterest ˌrate noun [countable] FINANCE the percentage… …
39Annual Cap — A clause found in the contract of an adjustable rate mortgage (ARM) that limits the possible increase in the loan s interest rate to a certain amount each year. The cap is usually defined in terms of rate, but the dollar amount of the principal… …
40Annual Percentage Rate — /ˌænjuəl pə sentɪdʒ reɪt/ noun a rate of interest (such as on a hire purchase agreement) shown on an annual compound basis, and including fees and charges. Abbreviation APR COMMENT: Because hire purchase agreements quote a flat rate of interest… …
