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 'Purchase APR'. The annual percentage rate that applies to outstanding balances on purchases made using a credit card. The purchase APR is the interest rate charged on the remaining balance for any purchases made with the card, if the total balance of a credit card is not paid in full each month. When the balance is paid in full each month, no purchase APR finance charges would be applied.