Super Finance Glossary

Finance

Over 10,000 financial glossary terms...

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Browsing by the letter "Y"

Displaying first 20 results of 38
Y
Definition: Fifth letter of a Nasdaq stock symbol specifying that it is an ADR
Yankee Bonds
Definition: Foreign bonds denominated in U.S. dollars and issued in the United States by foreign banks and corporations. These bonds are usually registered with the SEC. Such as, bonds issued by originators with roots in Japan are called Samurai bonds.
Yankee CD
Definition: A CD issued in the domestic market, typically New York, by a branch of a foreign bank.
Yankee Market
Definition: The foreign market in the United States.
Yard
Definition: Slang for one billion currency units. Used particularly in currency trading, e.g., for Japanese yen since one billion yen equals approximately US$10 million. It is clearer to say, "I'm a buyer of a yard of yen," than to say, "I'm a buyer of a billion yen," which could be misheard as "I'm a buyer of a million yen."
YE
Definition: The two-character ISO 3166 country code for YEMEN.
Year-end Dividend
Definition: A special dividend declared at the end of a fiscal year that usually represents distribution of higher-than-expected company profits.
Year-to-date (YTD)
Definition: The period beginning at the start of the calendar year up to the current date.
Yellow Sheets
Definition: Sheets published by the National Quotation Bureau that detail bid and ask prices, plus those firms that are making a market in over-the-counter corporate bonds.
Yen Bond
Definition: Any bond denominated in Japanese yen currency.
YER
Definition: The ISO 4217 currency code for the Yemen Rial.
Yield
Definition: The percentage return paid on a stock in the form of dividends, or the effective rate of interest paid on a bond or note.
Yield
Definition: The rate of return on any financial instrument, normally expressed as a percentage.
Yield Advantage
Definition: The advantage gained by purchasing convertible securities instead of common stock, which equals the difference between the rates of return of the convertible security and the common shares.
Yield Burning
Definition: A municipal bond financing method. Underwriters in advance refundings add large markups on US Treasury bonds bought and held in escrow to compensate investors while waiting for repayment of old bonds after issuance of the new bonds. Since bond prices and yields move in opposite directions, when the bonds are marked up, they "burn down" the yield, which may violate federal tax rules and diminishes tax revenues.
Yield Curb
Definition: Applies mainly to convertible securities. Difference in current yield between the convertible and the underlying common.
Yield Curve
Definition: The graphic depiction of the relationship between the yield on bonds of the same credit quality but different maturities. Related: Term structure of interest rates. Harvey (1991) finds that the inversions of the yield curve (short-term rates greater than long term rates) have preceded the last five US recessions. The yield curve can accurately forecast the turning points of the business cycle.
Yield Curve
Definition: A chart showing the relationship between yields and maturity's for a set of similar instruments or bank deposits. The creation of this chart is a complicated process which can have a large impact on the pricing of options and interest rate derivatives. This process is demonstrated in a yield curve applet. In essence, the yield curve shows the markets' expectations of future interest rates.
Yield Curve
Definition: A graphic representation of market yield for a fixed income security plotted against the maturity of the security. The yield curve is positive when long-term rates are higher than short-term rates.
Yield Curve Option-pricing Models
Definition: Models that can incorporate different volatility assumptions along the yield curve, such as the Black-Derman-Toy model. Also called arbitrage-free option-pricing models.
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