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Annual basis |
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Annual basisThe technique in statistics of taking a figure covering a period of less than one year and extrapolating it to cover a full one year period. The process is known as annualizing.Annual basis Similar MatchesAnnual renewable term insuranceAnnual renewable term insuranceSee: Term insurance. Annual percentage rateAnnual percentage rateWhere interest on loans is expressed as other than a yearly rate, for example 1.5% per month, APR is the equivalent rate over a year, in this case 19.56%.The Consumer Credit Act 1974 requires companies that advertise loans or credit cards to state what the APR rate is. This enables would be borrowers to compare rates and to see the true rate of interest repayment they would incur over the full year. Annualised payment schemeAnnualised payment schemeAlthough the borrower pays interest at a variable rate, which can change from month to month, the lender charges a set amount of interest each month and then adjusts the balance at the end of the year. Annual Percentage RateAnnual Percentage RateThis is an indicator used to compare interest rates. It takes into account the costs involved in setting up the mortgage, any discount periods, how often interest is calculated and calculates what the average rate of interest will be over the life of the loan. All lenders that comply with the consumer credit act must ensure that the the borrower is informed of the APR. Effective annual interest rateEffective annual interest rateAn annual measure of the time value of money that fully reflects the effects of compounding. Further SuggestionsAnnualized gainannual bonus Stated annual interest rate annual report Equivalent annual benefit annual return Annualizing Annual percentage yield (APY) annual exemption Equivalent annual annuity Annual percentage rate (APR) Nominal annual rate Annual bonus compound annual growth rate Equivalent annual cost Annual rate of return annual equivalent rate Compound Annual Growth Rate Bonds Enabling Annual Retirement Savings (BEARS) Compound Annual Return annual general meeting Annual exclusion Annual Percentage Rate (apr) Annualized holding period return Annual mortgagor statement |
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