Annual Percentage Rate definition

Annual Percentage Rate or “APR” of a Receivable means the annual percentage rate of finance charges or service charges, as stated in the related Contract.
Annual Percentage Rate. With respect to a Receivable, the annual rate of finance charges stated in such Receivable.
Annual Percentage Rate or “APR” of a Receivable means the annual rate of finance charges in effect from time to time under the related Contract.

Examples of Annual Percentage Rate in a sentence

  • Such Receivable provides that a prepayment by the related Obligor will fully pay the principal balance and accrued interest through the date of prepayment based on such Receivable’s Annual Percentage Rate.

  • To obtain the Annual Percentage Rate we multiply the Periodic Rate by the number of days in a year (daily).

  • In no event will the Periodic Rate or corresponding Annual Percentage Rate exceed the maximum rate allowed by law.

  • Range of Balance or Conditions Interest Rate Corresponding Annual Percentage Rate Daily Periodic Rate All Balances 14.900% 14.900% 0.04082% Notwithstanding any other provision of this Agreement, we will not charge interest on any undisbursed loan proceeds.

  • The Periodic Rate and the corresponding Annual Percentage Rate on your Credit Line are based upon an Annual Percentage Rate on ranges of balances as shown below.


More Definitions of Annual Percentage Rate

Annual Percentage Rate or “APR” of a Loan means, the interest rate or annual rate of finance charges stated in or, if not explicitly stated, the implicit finance charge used by the Servicer to calculate periodic payments with respect to the related Loan.
Annual Percentage Rate or “APR” means, with respect to a Receivable, the annual contractual rate of interest stated in the related Contract as being payable by the Obligor, it being understood that this is not necessarily the “annual percentage rate” as disclosed in the Contract for such Receivable pursuant to the federal Truth in Lending Act.
Annual Percentage Rate means the rate as computed under the federal truth in lending act, 15 USC 1601 to 1667f.
Annual Percentage Rate or “APR” means, with respect to a Receivable, the rate per annum of finance charges stated in such Receivable as the “annual percentage rate” (within the meaning of the Federal Truth-in-Lending Act). If, after the Closing Date, the rate per annum with respect to a Receivable as of the related Cutoff Date is reduced (i) as a result of an Insolvency Proceeding involving the related Obligor or (ii) pursuant to the Servicemembers Civil Relief Act or similar State law, “Annual Percentage Rate” or “APR” shall refer to such reduced rate.
Annual Percentage Rate means the interest rate on a loan expressed under the rules required by federal law. The annual percentage rate (as opposed to the “stated interest rate”) tells you the full cost of your credit including many of the creditor’s fees and charges. You will find the annual percentage rate for your original agreement on the disclosure statement that was given to you when the loan papers were signed or on the monthly statements sent to you for an open end credit account such as a credit card.
Annual Percentage Rate means the ratio of the interest on a loan to the unpaid principal balances on the loan for any period of time, expressed on an annual basis.
Annual Percentage Rate means the annual percentage rate for the loan