effective annual rate
1effective annual rate — UK US noun [C] (also effective annual interest rate) ► FINANCE the actual rate of interest paid or charged over one year: »The effective annual rate is the amount of interest charged on an overdraft, not including any fees or charges …
2Effective interest rate — The effective interest rate, effective annual interest rate, Annual Equivalent Rate (AER) or simply effective rate is the interest rate on a loan or financial product restated from the nominal interest rate as an interest rate with annual… …
3effective annual rate — The total interest paid or earned in a year expressed as a percentage of the principal amount at the beginning of the year …
4effective annual rate — The total interest paid or earned in a year expressed as a percentage of the principal amount at the beginning of the year …
5Effective Annual Interest Rate — An investment s annual rate of interest when compounding occurs more often than once a year. Calculated as the following: Consider a stated annual rate of 10%. Compounded yearly, this rate will turn $1000 into $1100. However, if compounding… …
6effective interest rate — noun 1. the actual annual rate of interest being paid or received after all other charges, costs or other income have been taken into account. 2. the annual rate of interest which is equivalent to a nominal rate over a shorter period. See nominal …
7effective interest rate — The annual rate at which an investment grows in value when interest is credited more often than once a year. Bloomberg Financial Dictionary …
8effective annual return — rate of profit yielded by an investment over the course of a year …
9Effective annual interest rate — An annual measure of the time value of money that fully reflects the effects of compounding. The New York Times Financial Glossary …
10effective annual interest rate — An annual measure of the time value of money that fully reflects the effects of compounding. Bloomberg Financial Dictionary …
