Glossary
Annualized cost
Annualized cost is an estimate of what a financing product costs per year, used to compare products with different terms and pricing methods on equal footing.
In plain terms
A 1.30 factor over 9 months and an 18% APR over 3 years are hard to compare directly. Annualizing both puts them on the same scale.
Why it matters when you're getting funded
It's the fairest single number for comparing an advance to a loan. Every Tovah offer shows one, alongside total payback.
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