Examlex
Which one of these large companies started out as a small business?
Truth In Lending Act
A law at the federal level aimed at fostering the knowledgeable use of consumer credit through mandates on disclosing its conditions and expenses.
Variable Interest Rate
An interest rate that can change over the duration of a loan based on the market conditions or an index.
Index Rate
A benchmark interest rate used by financial institutions to determine the rate charged on loans or the return on investment.
APR
Annual Percentage Rate, a measure of the cost of credit, expressed as a yearly interest rate including fees and charges.
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