EFFECTIVE INTEREST RATE Definition

Bookmark and Share

EFFECTIVE INTEREST RATE is the cost of credit on a yearly basis expressed as a percentage. Includes up-front costs paid to obtain the loan, and is, therefore, usually a higher amount than the interest rate stipulated in the note.

Learn new Accounting Terms

GPRO is Group Practice Reporting Option used within the US government, e.g. Medicare and US DHHS. A "group practice" is defined as a single Taxpayer Identification Number (TIN) with 2 or more individual eligible professionals (EPs) (as identified by individual National Provider Identifier [NPI]) who have reassigned their billing rights to the TIN.

APB 18 is the Accounting Principles Board Equity Method of Accounting for Investments in Common Stock.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.