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| has gloss | eng: The effective interest rate, 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 as an interest rate with annual compound interest payable in arrears. It is used to compare the annual interest between loans with different compounding terms (daily, monthly, annually, or other). |
| lexicalization | eng: effective interest rate |
| instance of | (noun) the percentage of a sum of money charged for its use rate of interest, interest rate |
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| French | |
| lexicalization | fra: Taux d'intérêt effectif |
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