APY

Business, Legal & Accounting Glossary

Definition: APY


APY


Full Definition of APY


Annual Percentage Yield. The rate of return on an investment for a one-year period. For an interest-bearing deposit account, such as a savings account, APY is equal to one plus the periodic rate (expressed as a decimal) raised to the number of periods in one year. Due to compounding, the APY will be greater than the periodic interest rate multiplied by the number of periods in the year.


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https://payrollheaven.com/define/apy/
Modern Language Association (MLA):
APY. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 02, 2021 https://payrollheaven.com/define/apy/.
Chicago Manual of Style (CMS):
APY. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/apy/ (accessed: December 02, 2021).
American Psychological Association (APA):
APY. PayrollHeaven.com. Retrieved December 02, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/apy/

Definition Sources


Definitions for APY are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 13th November, 2021 | 0 Views.