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temporary annual percentage rate

Defined in 1 dictionary — U.S. Code

United States Code

15 U.S.C. § 1637 — in this section

the terms “temporary annual percentage rate of interest” and “temporary annual percentage rate” mean any rate of interest applicable to a credit card account for an introductory period of less than 1 year, if that rate is less than an annual percentage rate that was in effect within 60 days before the date of mailing the application or solicitation; and