On the CFPB website, I need to understand common credit card terms. Please find and provide the definitions for 'Annual Percentage Rate (APR)' and 'Grace period' as explained in the 'Credit cards key terms' section.
Navigate to cfpb.gov. From the homepage, navigate to the 'Credit cards' section (likely via 'Consumer Education' dropdown). Locate and click on the 'Annual Percentage Rate (APR)' link within the 'Key terms' section. Extract the definition of 'Annual Percentage Rate (APR)' from the 'Credit cards key terms' page. On the same 'Credit cards key terms' page, locate and extract the definition of 'Grace period'.
State the exact definition of 'Annual Percentage Rate (APR)' as provided on the CFPB 'Credit cards key terms' page. State the exact definition of 'Grace period' as provided on the CFPB 'Credit cards key terms' page.