Yield: Difference between revisions
imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Add definition. Source: Linked pages) |
||
| Line 14: | Line 14: | ||
2. | 2. ''Equity investment.'' | ||
Abbreviation for dividend yield. | |||
| Line 28: | Line 28: | ||
4. | 4. ''Taxation.'' | ||
Abbreviation for tax yield. | |||
5. ''Property investment.'' | |||
Abbreviation for rental yield. | |||
| Line 40: | Line 45: | ||
* [[Discount yield]] | * [[Discount yield]] | ||
* [[Dividend yield]] | * [[Dividend yield]] | ||
* [[Equity]] | |||
* [[Forward yield]] | * [[Forward yield]] | ||
* [[High-yield]] | * [[High-yield]] | ||
| Line 45: | Line 51: | ||
* [[Interest rate]] | * [[Interest rate]] | ||
* [[Inverse relationship]] | * [[Inverse relationship]] | ||
* [[Investment]] | |||
* [[Liquidity]] | * [[Liquidity]] | ||
* [[Market value]] | * [[Market value]] | ||
| Line 52: | Line 59: | ||
* [[Periodic rate of interest]] | * [[Periodic rate of interest]] | ||
* [[Periodic yield]] | * [[Periodic yield]] | ||
* [[Property]] | |||
* [[Rate of return]] | * [[Rate of return]] | ||
* [[Security]] | * [[Security]] | ||
| Line 57: | Line 65: | ||
* [[Sterling commercial paper]] | * [[Sterling commercial paper]] | ||
* [[Tax yield]] | * [[Tax yield]] | ||
* [[Taxation]] | |||
* [[Yield spread]] | * [[Yield spread]] | ||
* [[Yield to maturity]] | * [[Yield to maturity]] | ||
Revision as of 11:14, 15 November 2021
1.
The rate of return (or cost) on the current market value of an asset (or liability), usually expressed as a percentage per annum.
For example, today’s yield to maturity of a bond measures the total return to an investor in the bond, reflecting both
- The interest income over the remaining life of the bond and
- Any capital gain (or loss) from today’s market value to the redemption amount payable at maturity.
When the market yield to maturity is applied to discount the future cashflows of the asset or liability, the net present value of all of the cashflows - including the current market purchase price - is Nil.
2. Equity investment.
Abbreviation for dividend yield.
3.
More broadly, any measure of a rate of return or borrowing cost.
In this broader sense, yield may be calculated and expressed on a number of different bases.
For this reason, it is essential to identify clearly the basis on which a given yield is expressed, before using it for calculation or comparison.
4. Taxation.
Abbreviation for tax yield.
5. Property investment.
Abbreviation for rental yield.
See also
- Bond
- Credit spread
- Discount instruments
- Discount rate
- Discount yield
- Dividend yield
- Equity
- Forward yield
- High-yield
- Interest
- Interest rate
- Inverse relationship
- Investment
- Liquidity
- Market value
- Nominal annual rate
- Nominal annual yield
- Par yield
- Periodic rate of interest
- Periodic yield
- Property
- Rate of return
- Security
- SLY
- Sterling commercial paper
- Tax yield
- Taxation
- Yield spread
- Yield to maturity
- Zero coupon yield
