Medi Assist Healthcare IPO

Explore
Open Demat Account Login
Finance Wiki
Trending Categories
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
#

Credit Cards

Annual Percentage Rate (APR)

Greetings, class. Today, we will be discussing an important concept in the world of finance: the annual percentage rate, or APR. This is the interest rate that is charged to credit card holders on any balances that are not paid in full by the due date. While some card issuers may advertise a seemingly low monthly interest rate, it's important to note that when calculated over the course of a year, this rate can reach as high as 43%.

Explore other categories
Terms related to decisions and events initiated by a company that can impact its stock, such as divi
Learn More
All terms & concepts related to financial contracts whose value is based on an underlying asset,
Learn More
All terms and concepts related to the placement of money in a bank account, including savings accoun
Learn More
All terms related to the system of money in general use in a particular country, representing a medi
Learn More
All terms and concepts related to insurance, which is a financial arrangement that provides protecti
Learn More
All terms related to various types of organizations or individuals, like investors, banks, insurers,
Learn More
A comprehensive resource containing definitions and explanations of terms, concepts, and jargon used
Learn More
All terms related to investments like bonds or treasury bills that provide regular, fixed payments,
Learn More
All terminology and concepts related to various tax types, tax laws, and taxation principles.
Learn More
All terms and concepts related to stocks, also known as equities, which represent ownership shares i
Learn More
Enjoy Zero Brokerage On Stock Investments
Send App Link