Real Estate Terms Glossary
What is Annual Percentage Rate (APR)?
The term annual percentage rate, also known as APR, is the annualized rate charged to borrowers by lendors or investors. ARP is typically written in a percentage and is essentially the cost of funds. APR includes fees and transaction costs, but doesn’t reflect any sort of compounding interest. It is a term that is easy for borrowers to understand.
Annual Percentage Rate Examples
Examples where you will find APRs include:
- Example 1. ARP may be found in a auto loan
- Example 2. APR may be found in a mortgage note
- Example 3. ARP may be found in a general loan agreement
- Example 4. APR may be found in a promissory note
- Example 5. APR may be found in a convertible note
Here’s Wikipedia’s definition of APR .
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I have a background in Criminal Law, Family Law, Contract Law, and Environmental Law. I also have five (5) degrees in the following: Here are my degrees and background: 1) B.S. in Environmental, Soil, and Water Sciences 2) A.S. in Pre-Medical Sciences (anatomy, physiology, medical terminology) 3) A.S. in Aircraft Non-Destructive Inspection (science of x-rays, cracks in metal, liquid penetrant, magnetic particle inspections, ultrasonic inspections, and spectrophotometric oil analysis) 4) Master's in Natural Resources Law Studies (1 year focus in the environmental and pollution laws (Hazardous Waste Laws such as RCRA, CERCLA, FIFRA, Natural Resource laws such as ESA, CWA, CAA, FWPCA, Environmental Law, Sustainable Development, and Global Climate Change issues) 5) Juris Doctor and certificate in Native American Law
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