What is the meaning of APR (Annual Percentage Rate)?

APR (Annual Percentage Rate) is the rate being charged for the ability to use the lender's money. Also known as the interest rate.

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APABarry Goldsmith. (2010). APR (Annual Percentage Rate). Retrieved September 21, 2026, from http://smartdefine.org/apr_(annual_percentage_rate)/definitions/1147767
ChicagoBarry Goldsmith. 2010. "APR (Annual Percentage Rate)" http://smartdefine.org/apr_(annual_percentage_rate)/definitions/1147767 (accessed September 21, 2026).
HarvardBarry Goldsmith 2010, APR (Annual Percentage Rate), Smart Define, viewed 21 September, 2026, <http://smartdefine.org/apr_(annual_percentage_rate)/definitions/1147767>.
MLABarry Goldsmith. "APR (Annual Percentage Rate)" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/apr_(annual_percentage_rate)/definitions/1147767>