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Personal Financing

Glossary of terms

Making Sense of Dollars and Cents.

It's hard to make sense of the difference between APR and APY. Below is a simple guide to some common financial terms. 

 

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  • Waive

    To voluntarily give up a claim or right.

  • Yield

    The annual rate of return on an investment, expressed as a percentage, that projects the total amount of interest/interest paid on funds deposited in an account, assuming all funds initially deposited remain in the account for a full year or for the full term of a timed account.

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