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Glossary

From A to Z, discover clear and concise explanations of key terms, empowering you to make informed decisions in the dynamic world of finance with our comprehensive glossary.

The APR is the interest rate for one year (annualised) rather than the monthly rate, on a loan, credit card or mortgage. Nominal APR is the simple interest over one year, effective APR is the fee, plus compound interest over one year. It is designed to prevent lenders from hiding fees or charges in their advertising.

Glossary - Annual Percentage Rate (APR)

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