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Resources > Glossary > Annual Percentage Yield

Glossary of Notary Public, Mortgage, Signing Agent, and Loan Signing Terms.

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Annual Percentage Yield

Phonetics: an·nu·al per·cent·age yield    \'an-yə(-wə)l\    \pər-'sen-tij\    \'yēld\

Function: noun

Definition 1:
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.

Thesaurus / Related Terms
Annual Percentage Rate