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.
Term of a Share Certificate
The period of time from when a share certificate begins and when it matures.
Short-term - Usually a period of less than one year.
Long-term - Usually a period of one year or greater.
A legal document that gives the right to possess or control specific property.
An entity created for the purpose of protecting and conserving assets for the benefit of a third party (also called the beneficiary).