Definition for : APR or Annual Percentage Rate

"Annual Percentage Rate" ("APR") is the all-in yearly Cost of a borrowing, once the Margin and all the upfront and/or on-going fees have been taken into account. This is particularly used in consumer finance and mortgage loans, where the law requires (in most jurisdictions) that the APR be clearly displayed to potential clients.
To know more about it, look at what we have already written on this subject