Lisa Nguyen
Transportation Researcher, UCLA
APR (Annual Percentage Rate)
In This Article
Definition
The yearly interest rate charged on borrowed money or earned on savings, including fees, expressed as a percentage.
Related Terms
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Similar Terms
Cash Flow
Movement of money in and out of your gig business, important for managing variable income.
Variable Income
Income that changes from period to period, typical for gig workers.
Emergency Fund
Savings for unexpected expenses or income gaps, especially important for gig workers.
APY (Annual Percentage Yield)
The effective annual return on savings or investments including compound interest, showing actual earnings over a year.
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