Also, banks often have different ways to apply the interest rate on loans which result in different APR's even if the rates on the notes are the same. The APR is computed by a standardized method required by the Federal Reserve's Regulation Z. Federal law requires its disclosure to borrowers on all consumer loans. A percentage rate that reflects the total amount of interest paid on an account, based on the interest rate and the frequency of compounding for a 365-day period. The APY is computed by a standardized method required by the Federal Reserve's Regulation. Appraisal An estimate and opinion of the value of real estate, equipment or business assets.
Appraisals can identify market, liquidation, or cost values.
An unattended station where you can withdraw, deposit or transfer funds, using a Visa debt card, MAC ATM card or Credit Card and a personal identification number. A computerized facility for electronically processing credits and debits among member financial institutions. The amount of money that is available for you to use. The average of your bank account balance over a specified period of time. TOP B Balance Amount of money in your bank account.