Financial Dictionary

mathepac

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As proposed, here is the link to a Financial Dictionary, visible in its own thread rather than buried in the middle of another one.

This is the public version and you can enter required definitions into the search bar at the top of the linked page.

If you wish to register for a personal subscription to the Financial Dictionary, or the other reference materials available from that site, that's entirely up to you.

If you have any issues with the definitions given, please refer back to the owners of that site and not to AAM. Providing a link to this material should not be construed as agreement with or support for the definitions, views, or opinions expressed there.

Financial Dictionary

"One of the main sources of financial dictionary is the financial glossary by Campbell R. Harvey, renowned finance expert and J. Paul Sticht, professor of International Business at Duke University. It provides concise definitions of 8,000 terms with 18,000 useful links. This information comes from the world of banking and investing, providing users with thorough and reliable meanings to all the most common, and even uncommon, financial terms.

Please note that this information is not intended to be used in place of a consultation or advice of a financial professional
."
 
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Thanks Mathepac for this.

The first one I looked at seems wrong to me.

Annual Percentage Rate​

The cost of funds or interest rate for an entire year expressed as a single percentage. Significantly, the APR does not account for compounding. For example, if the APR is 36%, the percentage is 3% per month, but the interest rate or cost of funds for the entire year may be greater than 36% due to the effects of compounding. By law, a credit card company or other lender must inform the customer of the APR before any agreement is signed. The APR provides the customer with a convenient number against which to compare the cost of funds for other loans or investments. It is less commonly called the annual rate of return or the nominal annual rate.

In the above example, the flat rate is 36%, but if it's 3% compounded monthly, the APR would be 1.03^12 or 42%
 
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