apr

1. 1
   noun · APRcountableinitialism

   Initialism of annual percentage rate.

   The dealer offered financing at a lower APR than our bank could match.

   Store cards often carry APRs well above those of ordinary credit cards.

   Note

   Lenders quote it so that loans and cards can be compared on one scale: it states the yearly cost of borrowing as a percentage, folding in certain fees as well as interest. It is said letter by letter, is sometimes written with periods, A.P.R., and becomes countable when particular rates are meant, as in cards with high APRs.

2. 2
   proper nounabbreviation

   Abbreviation of April.

   The invoice was dated Apr. 30 and payable within two weeks.

   The sales table covers only the months Jan through Apr.

   Note

   The short form belongs in dates, forms and calendars where space is tight: Apr. 15, Jan–Apr. It takes a capital A, with or without a period, and is read aloud as the full April. In running prose, write the whole word. All in capitals, APR is a different word, the annual percentage rate.

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