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 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.
Examples of Annual Percentage Rate in a sentence
The Receivable provides for level monthly payments in U.S. dollars that fully amortize the Amount Financed by its stated maturity and yield interest at the Annual Percentage Rate and applies a simple interest method of allocating a fixed payment to principal and interest.
Test 3.3(h) – 2: Annual Percentage Rate Observe the APR in the "Federal Truth-in-Lending Disclosures" box of the Contract.
The Receivable provides for level monthly payments in United States dollars that fully amortize the Amount Financed by its stated maturity and yield interest at the Annual Percentage Rate.
More Definitions of Annual Percentage Rate
Annual Percentage Rate or "APR" of a Receivable means the annual rate of finance charges stated in the Receivable.
Annual Percentage Rate or “APR” means, with respect to any Lease Agreement, the annual rate of finance charges stated in such Lease Agreement or, if not stated in such Lease Agreement, the implicit rate used at origination to calculate the Monthly Payments for such Lease Agreement.
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 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 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 or "APR" of a Receivable means the annual interest rate stated in the Receivable.