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Y -
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Year-end
Deferral:
This
term refers to the ability of taxpayers to delay the reporting of
business income and the payment of tax by selecting a fiscal year
for their business which differs from their taxation year.
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Year-Over-Year
Change:
The
actual percentages change from one period to the same period one-year
later. For example, the CPI inflation rate is usually reported as
the 12-month percentage change in prices. Year-over-year changes
are often reported when month-to-month or quarter-to-quarter changes
have regular seasonal fluctuations (such as retail sales rising
just before Christmas) which can mask underlying trends.
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Yield:
The
amount of interest or dividend paid on a loan or an investment,
expressed as a percentage. The yield on a stock is calculated by
dividing the dividend by the current market price. This is also
called "rate of return".
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Yield
Curve:
A
graphic representation of the relationship among yields of similar
bonds of differing maturities. Tilting yield curve refers to long-term
bond yields declining while short-term yields are rising.
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Yield
to Maturity:
The
annual rate of return an investor would receive if a bond were held
until maturity.
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