Definition of Introductory rate:
A low rate offered for financing as an incentive to apply for said financing. This rate is usually lower than the typical market rate of interest and offered for a limited time. It also may have other restrictions; the rate may only apply to balance transfers, purchases, or cash advances. also called introductory annual percentage rate (APR) or teaser rate.
Serving as an introduction to a subject or topic; basic or preliminary.
Synonyms of Introductory rate
Opening, Initial, Starting, Commencing, Initiatory, First, Earliest
How to use Introductory rate in a sentence?
- I wondered what the introductory rate was because that would definitely have an effect on the choice I made in the future.
- A two-day introductory course.
- Susan applied for the new credit card due to its royalty rewards for free gasoline as well as the very low introductory rate .
- You may want to put out a special introductory rate to get new customers to try out what you have to offer.
Meaning of Introductory rate & Introductory rate Definition