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.
Jean-Paul Belmondo was born in Neuilly-sur-Seine, a suburb of Paris on 9 Apr 1933, the son of Paul Belmondo, a sculptor whose statues grace many a Parisian park.
From BBC • Sep. 6, 2021
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From Los Angeles Times • Mar. 6, 2020
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From MSNBC • May 14, 2016
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From Forbes • Aug. 28, 2014
In recognition of his splendid services during the war, gazetted a K. C. B. On the departure of Sir George Pr�vost appointed administrator of Lower Canada, and assumed office Apr.
From The Makers of Canada: Index and Dictionary of Canadian History by Various
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.