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RupeeTimes' financial glossary  A-F |  G-O |  P-V |  W-Z |  1-9 |  Search by category |     Category: Definitions   Goodwill Guarantee Guarantor for the loan Hedge Funds Hire purchase price Hirer Hypothecation Inflation Interest Introductory Rate Late Payment Charges Loan Agreement Manufacturing Account Margin Amount Market value Marketable title Maturity Monopoly Monthly Statement Mortgage Negotiable Instrument Net worth Non-performing Assets (NPA) Obligation of the borrower Option Overlimit fees Introductory Rate The APR applied for a specific introductory period, which can range from 3 to 18 months. The intro rate is lower than the regular APR, and in some cases it can be 0 which makes the credit card a 0 intro rate credit card. After the introductory period is over the credit card rate switches to the regular APR.