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Yearly
Renewable Term (YRT) |
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A Term Life insurance policy
that provides a level death benefit with premiums
that increase each year with the insured's age.
YRT provides financial protection only in the event
of death and has no cash value. Also known as Annual
Renewable Term (ART) or One Year Term. |
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Yield |
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1) The annual rate of return on
an investment, expressed as a percentage.
2) For bonds and notes , the coupon rate divided by the
market price. This is not an accurate measure of total
return, since it does not factor in capital gains.
3) For securities, the annual dividends divided by the
purchase price. This is not an accurate measure of total
return, since it does not factor in capital gains. Also
called dividend yield or current yield. |
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Yield Curve |
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A curve that shows the relationship
between yields and maturity dates for a set of similar
bonds , usually Treasuries , at a given point in time. |
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