MLchartDataset catalogue

APR

Term · Law · MLC-T-LAW-000553

The Annual Percentage Rate, which represents the yearly cost of borrowing money, including interest and other fees. This rate provides a standardized way to compare the cost of loans from different lenders. The Truth in Lending Act requires lenders to disclose the APR to consumers.

Table 1. Record
IdentifierMLC-T-LAW-000553
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-000553",
  "term": "APR",
  "field": "Law",
  "definition": "The Annual Percentage Rate, which represents the yearly cost of borrowing money, including interest and other fees. This rate provides a standardized way to compare the cost of loans from different lenders. The Truth in Lending Act requires lenders to disclose the APR to consumers.",
  "url": "https://mlchart.com/terminology/law/apr/"
}

Record 336 of 5,441 in Law terminology (MLC-0107). Request the full dataset.