Aer - English meaning
Aer – definitions in English dictionary
abbreviationAnnual equivalence rate, the notional rate of interest on loans or credit payable if the interest was paid and added each year.
nounAbbreviation for annual equivalent rate: the rate of interest that an investor will receive if they leave a particular amount of money in an account for one year
Usage examples:
The 7% interest rate is valid for six months, and then drops to 6% for six months, making an aer of…
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