Consider melting or smelting your gold, silver, and other metals yourself! But first understand that there is a big difference between melting and smelting. Melting means to change something from a solid to a liquid by the application of heat. When the heat is removed, the melted material returns to its solid state.
Community Q&A. Annual percentage yield (APY) represents the rate of interest on a certificate of deposit, savings account or other investment. Typically annual percentage yield is calculated for accounts receiving compounded interest rather than a simple interest reflecting the nominal (official) interest.rate. One use of APY is to compare the potential incomes from different investment opportunities.
DEFINITION of 'Construction Interest Expense'. Any interest that is paid during the construction phase of a building or other tangible property. The interest may be incurred directly as the result of a construction loan. Construction interest expense is treated differently than other types of business-related interest (see below).