discount yield — The yield or annual interest rate on a security sold to an investor at a discount. A bond that is sold at $4875 that matures to $5000 has a discount of $125. To calculate the discount yield: ( discount divided by the face value of the security)… … Financial and business terms
discount — In a general sense, an allowance or deduction made from a gross sum on any account whatever. In a more limited and technical sense, the taking of interest in advance. A deduction from an original price or debt, allowed for paying promptly or in… … Black's law dictionary
discount — In a general sense, an allowance or deduction made from a gross sum on any account whatever. In a more limited and technical sense, the taking of interest in advance. A deduction from an original price or debt, allowed for paying promptly or in… … Black's law dictionary
Yield curve spread — on a simple mortgage backed security (MBS) is the flat spread over the treasury yield curve required in discounting a pre determined coupon schedule to arrive at its present market price.That is, the MBS yield curve spread is based on a… … Wikipedia
yield-to-maturity — ( YTM) The annual percentage yield of a security calculated in a specific manner. The yield to maturity is the single discount rate that, when applied to all future interest and principal payments, produces a net present value equal to the… … Financial and business terms
Yield elasticity of bond value — is the percentage change in bond value divided by a one per percentage change in the yield to maturity of the bond. This is equivalent to saying the derivative of value with respect to yield times the (interest rate/value). This is equal to the… … Wikipedia
discount notes — high yield debt securities that do not pay cash interest for an initial period and are therefore issued at a discount to their final redemption value. Practical Law Dictionary. Glossary of UK, US and international legal terms.… … Law dictionary
Yield curve — This article is about yield curves as used in finance. For the term s use in physics, see Yield curve (physics). Not to be confused with Yield curve spread – see Z spread. The US dollar yield curve as of February 9, 2005. The curve has a typical… … Wikipedia
Discount Note — A short term debt obligation issued at a discount to par. Discount notes are similar to zero coupon bonds and Treasury bills and are typically issued by government sponsored agencies or highly rated corporate borrowers. Discount notes do not make … Investment dictionary
yield to maturity — noun a) The internal rate of return on a bond held to maturity, assuming scheduled payment of principal and interest. b) A calculation of yield on a bond that takes into account the capital gain or loss on a discount bond or capital loss on a… … Wiktionary
