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Annual Percentage Yield
Phonetics: an·nu·al per·cent·age yield \'an-yə(-wə)l\ \pər-'sen-tij\ \'yēld\
Definition 1: Thesaurus / Related Terms
The rate of interest earned by an account owner in a year, if no withdrawals occur. All financial institutions must calculate the Annual Percentage Yield ( APY ) in the same way.
Annual Percentage Rate