You know what it looks like… but what is it called?
TAKE THE QUIZ“annual percentage”
The following 2 entries include the term annual percentage.
annual percentage rate
noun: a measure of the annual percentage cost of consumer credit (as in installment buying or a charge account) that is required by law to appear on statements of credit accounts and is variously computed but always takes into consideration the amount financed, the amount of the finance charges, and the schedule of repayment —abbreviation APR
annual percentage yield
noun: a measurement of an account's interest rate based upon the interest that accrues on the account balance after a period of one year —abbreviation APY
Love words? Need even more definitions?
Merriam-Webster unabridged
