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- In banking, the term "earn" has the following meanings123:
- Interest that applies to the original deposit as well as any newly earned interest.
- To get money as profit or interest on money you lend, have in a bank, etc.
- Banks aim to earn a profit for their owners by lending money and earning interest on loans.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Interest that applies to the original deposit as well as any newly earned interest. For example, if you put $100 in an account that earns compound interest at 5% a year, in the next year you will earn 5% on $105. Non-compounding interest would continue to earn 5% on $100.www.nerdwallet.com/article/banking/banking-term…[transitive] to get money as profit or interest on money you lend, have in a bank, etc.www.oxfordlearnersdictionaries.com/definition/engli…The loan recipients spend the money they borrow, the bank earns interest on the loans, and the process keeps money moving through the system. Just like any other business, the goal of a bank is to earn a profit for its owners.www.investopedia.com/terms/b/bank.asp - People also ask
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See more on forbes.comAnnual percentage yield is a way to measure the amount of money earned on an interest-bearing account, annualized over a year. The higher the APY on a savings account, the more money you earn on the balance. But APY can also apply to banking products other than savings accounts, such as interest-bearing checki…A Glossary Of Basic Banking Terms – Forbes Advisor
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WEBNov 3, 2016 · The amount of interest you gain from keeping money in an account in a year, not including compounding interest.
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earn verb - Definition, pictures, pronunciation and usage notes ...
WEB[transitive] earn something to get money as profit or interest on money you lend, have in a bank, etc. Your money would earn more in a high-interest account.
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earn verb - Definition, pictures, pronunciation and usage notes ...
WEB[transitive] to get money as profit or interest on money you lend, have in a bank, etc. earn something Your money would earn more in a high-interest account. earn something from …
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