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.
- Commerce Bank of Southwest Florida Fails, Becomes 123 Bank to Close in 2009
- ING Direct Black Friday Special: Save 'Til You Drop
- Savers Left With Fewer Options as Hudson City Savings Lowers Top CD Rates
- Wells Fargo Settles $1.4 Billion Lawsuit Regarding Auction-Rate Securities
- 'Too Big To Fail' Firms May Be Broken Down To Smaller Size
- Finance Basics
