Effective
From ACT Wiki
1.
Referring to a hedged or all-in rate, cost, or amount of income, stated after taking account of the effects of any hedging and of any related expenses - including issue costs and transaction costs.
2.
More broadly, any comparable measure taking appropriate account of all relevant factors - for example front end fees or other expenses - but not necessarily a hedged measure.
3.
An amount stated as an annual effective rate.
