annual percentage rate of chargemeans the total cost of the credit to the consumer, expressed as an annual percentage of the total amount of credit, where applicable including the costs referred to in Article 19(2);
borrowing ratemeans the interest rate expressed as a fixed or variable percentage applied on an annual basis to the amount of credit drawn down;
consumermeans a natural person who, in transactions covered by this Directive, is acting for purposes which are outside his trade, business or profession;
credit agreementmeans an agreement whereby a creditor grants or promises to grant to a consumer credit in the form of a deferred payment, loan or other similar financial accommodation, except for agreements for the provision on a continuing basis of services or for the supply of goods of the same kind, where the consumer pays for such services or goods for the duration of their provision by means of instalments;
credit intermediarymeans a natural or legal person who is not acting as a creditor and who, in the course of his trade, business or profession, for a fee, which may take a pecuniary form or any other agreed form of financial consideration:
creditormeans a natural or legal person who grants or promises to grant credit in the course of his trade, business or profession;
durable mediummeans any instrument which enables the consumer to store information addressed personally to him in a way accessible for future reference for a period of time adequate for the purposes of the information and which allows the unchanged reproduction of the information stored;
fixed borrowing ratemeans that the creditor and the consumer agree in the credit agreement on one borrowing rate for the entire duration of the credit agreement or on several borrowing rates for partial periods using exclusively a fixed specific percentage.
linked credit agreementmeans a credit agreement where
overdraft facilitymeans an explicit credit agreement whereby a creditor makes available to a consumer funds which exceed the current balance in the consumer's current account;
overrunningmeans a tacitly accepted overdraft whereby a creditor makes available to a consumer funds which exceed the current balance in the consumer's current account or the agreed overdraft facility;
total amount of creditmeans the ceiling or the total sums made available under a credit agreement;
total amount payable by the consumermeans the sum of the total amount of the credit and the total cost of the credit to the consumer;
total cost of the credit to the consumermeans all the costs, including interest, commissions, taxes and any other kind of fees which the consumer is required to pay in connection with the credit agreement and which are known to the creditor, except for notarial costs;