Annual+rate
21annual percentage rate — APR The annual equivalent rate of return on a loan or investment in which the rate of interest and charges are specified in terms of an annual rate of interest. Most investment institutions are now required by law to specify the APR when the… …
22Annual 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… …
23Annual 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… …
24Annual 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… …
25Annual percentage yield (APY) — The effective, or true, annual rate of return. The APY is the rate actually earned or paid in one year, taking into account the affect of compounding. The APY is calculated by taking one plus the periodic rate and raising it to the number of… …
26annual — / ænjuəl/ adjective for one year ● an annual statement of income ● They have six weeks’ annual leave. ● The company has an annual growth of 5%. ● We get an annual bonus. ♦ on an annual basis each year ● The figures are revised on an annual basis …
27annual — / ænjuəl/ adjective for one year ● an annual statement of income ● They have six weeks’ annual leave. ● The company has an annual growth of 5%. ▪▪▪ ‘…real wages have risen at an annual rate of only 1% in the last two years’ [Sunday Times] ▪▪▪… …
28annual percentage yield — /ˌænjuəl pəˌsentɪdʒ ji:ld/ noun the annual rate of compound interest earned by an account. Abbreviation APY …
29Annual Percentage Rate — ( APR) The APR is the interest rate figure that indicates the total cost of borrowing, including any charges. When you borrow money, every lender is required by law to quote this rate. The APR is the best way of comparing like with like. It was… …
30annual percentage rate — ( APR) The total financing costs associated with a loan on an annualized basis, divided by the amount borrowed. As defined by Federal Reserve Regulation Z and the Truth in Lending Act, this is a precisely calculated measure of the cost of a loan …
