effective annual rate
noun[C]
ukus(alsoeffective annual interest rate)FINANCE
theactualrateofinterestpaidorchargedover oneyear:
Theeffectiveannualrateis theamountofinterestchargedon anoverdraft, notincludinganyfeesorcharges.
Examplesofeffective annual rate
effective annual rate
For a loan with a 10% nominal annual rate and daily compounding, theeffectiveannualrateis 10.516%.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The "effectiveannualrate" is the total accumulated interest that would be payable up to the end of one year divided by the principal.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.In retail finance, the annual percentage rate andeffectiveannualrateconcepts have been introduced to help consumers easily compare different products with different payment structures.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.We retain only one rate, the overalleffectiveannualrate.
FromEuroparl Parallel Corpus - English
How can the lender state what is theeffectiveannualrateof interest if there are no drawings?
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
We are also very concerned that no provision has been made for an exemption for agreements for cash loans where theeffectiveannualratedoes not exceed a specified level.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
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