Letter Y Dictionary

Y shares

A class of mutual fund shares for institutional investors. Also Institutional shares, they carry no load or 12b-1 fees.

Yankee bond market

The market for bonds issued in the US by foreign corporations, banks, and governments. They are US Dollar denominated.

yardstick

A standard, used for comparison; also called benchmark.

year-end bonus

An additional sum of money sometimes rewarded to employees at the end of a year,…

year-over-year

A comparison of the same time period in the previous year.

Year-To-Date

YTD; period spanning from January 1 of the current year to the present date.

Yellow Sheets

A daily bulletin released by the National Quotation Bureau, providing bid and…

Yemeni Rial

The currency of Yemen.

YER

The ISO currency code for the Yemeni Rial.Learn more about the Yemeni Rial and Yemen at GoCurrency.com

yield

Yield is the expected annual rate of return an investor expects to make from…

yield advantage

The different between a corporation’s convertible securities and its dividend yield on common stock

yield burning

An illegal transaction in which an underwriter uses excessive markups on bonds…

yield curve

The yield curve describes the relation between the interest rates and the maturity…

yield elbow

The point on the yield curve at which the economy’s highest interest rate occurs

yield equivalence

The necessary yield on a taxable investment in order to balance the tax-free…

yield spread

The differences between yields on discrete debt securities. The YS is affected…

yield to call

The yield realized on a callable bond if it were redeemed by the issuer on the ensuing call date

yield to maturity

The rate of return on a bond if it is held until the maturity date. It is expressed…

yield to worst

The lowest yield quoted

YTD

Abbr. Year-To-Date; period spanning from January 1 of the current year to the present date.

Yuan

The currency of China. ISO international currency code: CNY. Learn more…