In English law . A commoner; a freeholder under the rank of gentleman. Cowell. A man who has free land of forty shillings by the year; who was ancientlythereby qualified […]
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YEVEN, or YEOVEN
Given; dated. Cowell.
YIELD
In the law of real property , is to perform a service due by a tenant to hislord. Hence the usual form of reservation of a rent in a lease […]
YIELD ADVANTAGE
The spread gained by having convertible bonds instead of stock. Refer to simple breakeven .
YIELD BURNING
When underwriters charge too much for treasury bonds that are held in escrow. This is done before retiring the existing bonds and is illegal. This causes the yield to burn […]
YIELD CURVE
Plotting interest rates against maturities creating a term structure . In normal conditions it is a upward curve. This causes shortterm funds to cost less to invest in. The shape […]
YIELD CURVE OPTION
A spread that allows payoff based on the differential between on point on the yield curve and the strike price . The buyer gains efficiency and cost advantages.
YIELD DIFFERENTIAL
Yield differences of securities used you compare bonds of different credit rates and maturity dates.
YIELD ENHANCEMENT
A strategy used to increase core returns. This is intended to be a low risk move. Refer to arbitrage speculation and hedging.
YIELD ON COST (YOC)
Amount yielded by a dividend above the total investment cost.
YIELD POINT
Load a material will deform at and not return to shape.
YIELD SPREAD
Variation of money earned from commercial mortgages compared to a standard value.
YIELD TO CALL
The yield of a callable bond . This is the percent return at the first call date . Refer to yield to maturity .
YIELD TO CALL (YTC)
Yield on a bond calculated on the assumption the issuer will redeem on its first call date stated in the prospectus.
YIELD TO MATURITY
The yield of a coupon bearing security. It is the percent return of a bond when it finally matures. AKA promised yield. Refer to yield to call .
YIELD TO MATURITY (YTM)
Average annual yield of an interest generating investment held by an investor until it matures.
YIELDING AND PAYING
In conveyancing . The initial words of that clause in leasesIn which the rent to be paid by the lessee is mentioned and reserved.
YOKELET
A little farm, requiring but a yoke of oxen to till It.
YORK ANTWERP RULES
Guidelines to adjust for losses by a marine carrier.
YORK, CUSTOM OF
A custom of the province of York in England, by which theeffects of an intestate, after payment of his debts, are in general divided according tothe ancient universal doctrine of […]
YORK, STATUTE OF
An Important English statute passed at the city of York, in thetwelfth year of Edward II., containing provisions on the subject of attorneys, witnesses,the taking of inquests by nisi prius, […]
YORKSHIRE REGISTRIES
The registries of titles to land provided by acts ofparliament for the ridings of the county of York In England. These resemble the officesfor the registration or recording of deeds […]
YOUNGER CHILDREN
This phrase, when used in English conveyancing with referenceto settlements of land, signifies all such children as are not entitled to the rightsof an eldest son. It therefore includes daughters, […]
YOUTHFUL OFFENDER
This term applies to an offender who is not a juvenile but not an adult either and may get a lenient sentence, rehabilitation and the setting aside of the conviction.
YULE
The times of Christmas and Lammas.