Sentences with phrase «over the term of the loan expressed»
The annual percentage rate (APR) is the cost of credit over the term of the loan expressed as an annual rate.
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An annual percentage rate (APR) is the annual rate charged for borrowing or earned through an investment, and is expressed as a percentage that represents the actual yearly cost of funds over the term of a loan.
Annual Percentage Rate (APR)-- This is the annual rate charged for borrowing money, and is expressed as a percentage that represents the yearly cost of funds over the term of the loan.
The «Total Interest Percentage,» using that term and the abbreviation «TIP» and expressed as a percentage, and the following statement: «The total amount of interest that you will pay over the loan term as a percentage of your loan amount.»
The total amount of interest that the consumer will pay over the life of the loan, expressed as a percentage of the amount of credit extended, using the term «Total Interest Percentage,» the abbreviation «TIP,» and the statement «The total amount of interest that you will pay over the loan term as a percentage of your loan amount.»