Examples of APR in a sentence

Interest under this Agreement will be calculated on a simple interest basis and shall be accrued as a daily rate of no more than 1/365th of the interest rate (i.e., the APR) disclosed, multiplied by the unpaid principal balance (i.e., the amount financed less the amount it has been reduced by payments toward principal), for each day that any amount remains due to the Lender.

More Definitions of APR

APR means, with respect to a Receivable, the annual rate of finance charges stated in the related Contract or then applicable to such Receivable.

APR of a Contract means the annual percentage rate used to determine the total interest expected to be charged over the term of a Contract as of its inception, as shown on such Contract.

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.

APR of a Receivable shall mean the annual percentage rate of interest stated in the Contract related to such Receivable.