fate, destiny, 1834, from Turkish qismet, from Arabic qismah, qismat portion, lot, fate, from root of qasama he divided.. From a nation of enthusiasts and conquerors, the Osmanlis became a nation of sleepers and smokers. They came into Europe with the sword in one hand and the Koran in the other: were they driven out of their encampment, it would be with the Koran in one hand and the pipe in the other, crying: 'Kismet! Kismet! Allah kehrim!' (God hath willed it!
In some areas, the annual percentage rate (APR) is the simplified counterpart to the effective interest rate that the borrower will pay on a loan. In many countries and jurisdictions, lenders (such as banks) are required to disclose the cost of borrowing in some standardized way as a form of consumer protection.
DEFINITION of 'Annual Percentage Rate-APR'. The annual rate that is charged for borrowing (or made by investing), expressed as a single percentage number that represents the actual yearly cost of funds over the term of a loan. This includes any fees or additional costs associated with the transaction.Next Up.EFINITION of 'Annual Percentage Rate-APR'. The annual rate that is charged for borrowing (or made by investing), expressed as a single percentage number that represents the actual yearly cost of funds over the term of a loan. This includes any fees or additional costs associated with the transaction. Next Up.