annual percentage yield
Defined in 1 dictionary — U.S. Code
United States Code
12 U.S.C. § 4313 — for the purposes of this chapter (2 versions over time)
The term “annual percentage yield” means the total amount of interest that would be received on a $100 deposit, based on the annual rate of simple interest and the frequency of compounding for a 365-day period, expressed as a percentage calculated by a method which shall be prescribed by the Bureau in regulations.