Definitions for "Annual Percentage Rate (APR"
Keywords:  apr, truth, yearly, lending, disclosure
MP] A measure of the cost of credit that must be reported by lenders under Truth in Lending regulations.
The yearly percentage rate of the finance charge. The annual percentage rate will be a fixed or variable rate. See "Fixed Rate" or "Variable Rate" for descriptions.
The cost of a mortgage stated as a yearly rate; includes such items as interest, mortgage insurance, and loan origination fee (points).