APR

¹

[ ey-pee-ahr ]

noun

, Finance, Banking.

1. annual percentage rate: the annual rate of interest that a bank or other creditor charges for lending money to a borrower. Compare APY ( def ).

Apr.

²

abbreviation for

1. April.

APR

¹

abbreviation for

1. annual percentage rate

Apr

²

abbreviation for

1. April

Word History and Origins

Origin of APR¹

First recorded in 1970–75

Example Sentences

APR relates mainly to the value of land.

From BBC

It is true that both APR and BPR relief will be capped at a combined £1m for inheritance tax purposes, meaning a single estate will be able to claim no more than £1m in these combined reliefs.

From BBC

Farming groups have claimed that farmers often also use BPR so any calculation of the impact of the tax changes based solely on APR claims will not capture the full effect on farming estates.

From BBC

These figures suggest that while taking BPR into account as well as APR does push up the number and proportion of estates likely to be affected, it does not fundamentally change the picture.

From BBC

The data shows that in 2021-22 the number of estates making combined APR and BPR claims where the value of the estate was more than £1.5m was 383, or 22% of all claims.

From BBC