temporary annual percentage rate
Defined in 1 place of the United States Code.
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
Source
- 2005–present15 U.S.C. § 1637Commerce and Trade · Open end consumer credit plans · in this section