CEFR B1

apr

noun

Meaning

The percentage of the total loan amount that is charged for the use of credit over a year.

Examples

The credit card company advertises a low introductory APR.
Be aware of the high APR on payday loans.

Synonyms: interest rate, annual percentage rate, cost of credit

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apr (B1)

noun

Pronunciation: eɪ piː ɑr

Definition

The percentage of the total loan amount that is charged for the use of credit over a year.

Examples

The credit card company advertises a low introductory APR.
Be aware of the high APR on payday loans.

Synonyms of apr

Words with a similar meaning to apr:

interest rate
annual percentage rate
cost of credit

Antonyms of apr

Words with the opposite meaning to apr:

APY
zero interest

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