Agent

A person or organization acting on behalf of another principal party, and does not act independently of this principal party.

Annual Percentage Rate (APR)

A periodic rate times the number of cycles in a year.

Annual Percentage Yield (APY)

The effective annual rate of return taking into account the effect of compounding interest. APY is calculated by: = (1+periodic rate) to the power of the # of periods - 1 The resultant percentage number assumes that funds will remain in the investment vehicle for a full 365 days.