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The Learning Center
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GLOSSARY TERMS
Terms that begin with V
Variable RateAn APR term that is subject to adjustment based on changes in other interest rates, such as the prime rate or the Treasury Bill rate. The variable rate is usually indicated as the Prime rate plus an added percentage (for example, PR + 3.9). Your APR may also be subject to change based on the timeliness of your payments. Previous Merchant Account Term: User Authentication Next Merchant Account Term: Void(Ed)
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