Assertion: annual equivalent rate | /r/HasProperty | aer
Facets:
Source sentences:
text: It can also be referred to as the annual equivalent rate (AER).
text: Note that the rules pertaining to calculating and advertising the annual equivalent rate (AER) on financial products are less stringent than the rules governing the annual percentage rate (APR).
text: The effective interest rate (EIR), 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 and expressed as the equivalent interest rate if compound interest was payable annually in arrears.