annual percentage yield (APY)

Definition

Standardized method for quoting compounded interest earned on a deposit account or investment. In computing APY, it is assumed the funds will remain on fixed deposit or invested for a full 365-day period.

Popular 'Accounting & Auditing' Terms

annual percentage yield (APY) in the news

Loading...

This content can be found on the following page:

http://www.businessdictionary.com/definition/annual-percentage-yield-APY.html

Search for another term



Tools

annual percentage yield (APY) is...

... in the Accounting & Auditing, Banking, Commerce & Finance and Investing subjects.

Nearby Terms

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z