Rates & InterestAPR
Annual Percentage Rate (APR)
The true annualized cost of borrowing, reflecting the nominal interest rate plus lender origination fees, points, and closing costs.
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Terms Starting With "A"
Showing 2 definitionsRates & InterestAPY
Annual Percentage Yield (APY)
The real rate of return earned on a deposit or investment over one year, taking into account the power of compound interest.