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contract rate |
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contract rate The face rate of the interest on a promissory note;typically the interest rate quoted, as opposed to the federally mandated calculation of annual percentage rate (APR) which treats certain prepaid loan costs as additional interest. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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