effective annual rate (of interest)
1effective annual rate — UK US noun [C] (also effective annual interest rate) ► FINANCE the actual rate of interest paid or charged over one year: »The effective annual rate is the amount of interest charged on an overdraft, not including any fees or charges …
2effective annual rate — The total interest paid or earned in a year expressed as a percentage of the principal amount at the beginning of the year …
3effective annual rate — The total interest paid or earned in a year expressed as a percentage of the principal amount at the beginning of the year …
4Effective Annual Interest Rate — An investment s annual rate of interest when compounding occurs more often than once a year. Calculated as the following: Consider a stated annual rate of 10%. Compounded yearly, this rate will turn $1000 into $1100. However, if compounding… …
5effective annual yield — A seldom used expression to refer to the yield on an investment expressed on a compound interest basis. American Banker Glossary annualized interest rate on a security computed using compound interest techniques. Bloomberg Financial Dictionary …
6Effective annual interest rate — An annual measure of the time value of money that fully reflects the effects of compounding. The New York Times Financial Glossary …
7Effective annual yield — Annualized interest rate on a security computed using compound interest techniques. The New York Times Financial Glossary …
8effective annual interest rate — An annual measure of the time value of money that fully reflects the effects of compounding. Bloomberg Financial Dictionary …
9Annual Percentage Yield — (APY) expresses an annual rate of interest taking into account the effect of compounding, usually for deposit or investment products (such as a certificate of deposit). It is analogous to the Annual percentage rate (APR), which is used for loans …
10Annual percentage rate — Parts of total cost and effective APR for a 12 month, 5% monthly interest, $100 loan paid off in equally sized monthly payments. The term annual percentage rate (APR), also called nominal APR, and the term effective APR, also called EAR,[1]… …
