Lending Glossary
This lending glossary is covering terms in the lending industry that many may be familiar or not familiar with and are curious about the definition. It is our goal here at United Capital Investors to make the lending as clear as possible and approachable to all borrowers.
APR – APR stands for Annual Percentage Rate and is the interest rate of the loan expressed in yearly amounts. Most loans and credit situations are set up on an APR basis.