APR
APR stands for "Annual Percentage Rate." It is a standardized measure used to indicate the cost of borrowing money over the course of a year, including interest and any other fees or charges associated with the loan. The APR is expressed as a percentage and represents the total cost of borrowing, including both the interest rate and any other costs associated with the loan, such as origination fees, closing costs, and other expenses. The APR is typically used as a tool for comparing the costs of different loans, credit cards, or other financial products, and can help consumers make informed decisions about which options are the most affordable for them.