APR

 

Meaning of the word: APR

APR means Annual Percentage Rate. Is the most important indicator of bank loan. Thanks APR client finds out if the loan is convenient and he also can calculate amount of his monthly payments. The APR is included as interest, as well as all of the fees that must be paid to the bank in order to meet the conditions.

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FROM DICTIONARY

Contractual penalty

Contractual penalty is a penalty that is listed directly in the contract between the client and the bank institutions. As for sanctions, the bank may…

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