On the Consumer Financial Protection Bureau (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 via the 'Consumer Education' dropdown. On the 'Credit cards' page, click on any link within the 'Key terms' section (e.g., 'Annual Percentage Rate (APR)') to access the 'Credit cards key terms' page. 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.