APPLICABLE FEDERAL RATE. monthly interest rate statistic published by the Treasury Department. Used to determine the tax credit rate as well as what loans constitute federally subsidized and non-federally subsidized.

Adjustable Function Rate. Similar to ATV, AFR allows end point adjustment independent of Dual Rate or Exponential settings.

Adjustable Function Rate, term used by Futaba, especially with the 9Z radio system Report this Word Added by: Hughes500Pilot

Applicable federal rates. The IRS publishes base interest rates each month that are known as the applicable federal rates (AFR). They are used for various purposes under the Code, including being used in imputed interest and original issue discount rules. The AFR is normally available during the third or fourth week of the month.

Applicable Federal Rate. The interest rate to be used in computing factors for life estates, terms for years and remainder interests in property.

Alternative fuels and raw materials used for fossil fuel substitution in clinker production. AFR are derived from waste.

Air Force Regulation

See air fuel ratio.

Air Fuel Ratio. The chemically correct air-fuel ratio necessary to achieve complete combustion of the fuel (stoichiometric ratio)