Annual Interest: Canada Debt .ca defines Annual Interest

Bankruptcy Term Annual Interest

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Canada Debt has the definition to the bankruptcy and debt term Annual Interest. Finding answers to terms such as Annual Interest can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Annual Interest in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Annual Interest' is used as follows:

Rate The annual interest rate charged on purchases that don't benefit from the interest-free period. There is no interest-free period for cash advances or balance transfers, and interest is charged from the day you withdraw the funds.