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Business Dictionary :
Yard, Year, Yellow Pages, Yen and Yield
Yard, Year, Yellow Pages, Yen and Yield
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Yard : noun :
(a) measure of length (= 0.91 metres)
NOTE : This can be written yd after figures. (10yd)
(b) factory which builds ships
yd : Yard
Year : noun : period of twelve months
Calendar Year = year from January 1st to December 31st.
Financial Year = the twelve month period for a firm's accounts
Fiscal Year = twelve month period on which taxes are calculated (in the UK it is April 6th to April 5th of the following year)
Year End = the end of the financial year when a company's accounts are prepared
• The accounts department has started work on the year-end accounts.
Yearbook : noun : reference book which is published each year with updated or new information
Yearly : adjective : happening once a year
• Yearly payment
• Yearly premium of £250
Yellow Pages : plural noun : section of a telephone directory (printed on yellow paper) which lists businesses under various headings (such as computer shops or newsagents, etc.)
Yen : noun : money used in Japan
NOTE : usually written as Y before a figure Y2, 700 (say two thousand seven hundred yen)
Yield : noun : money produced as a return on an investment
Current Yield = dividend calculated as a percentage of the price paid per share
• Share with a current yield of 5%
Dividend Yield = dividend expressed as a percentage of the price of a share
Earnings Yield = money earned in dividends per share as a percentage of the market price of the share
Effective Yield = actual yield shown as a percentage of the price paid
Fixed Yield = fixed percentage return which does not change
Gross Yield = profit from investments before tax is deducted
Yield : verb : to produce (as interest or dividend, etc.)
• Government stocks which yield a small interest
• Shares which yield 10%
QUOTE : If you wish to cut your risks you should go for shares which yields higher than average. (Investors Chronicle)