The percentage return on an investment. A given investment can have a variety of yields because of the many methods used to measure yield. For example, a bond's yield may be stated in terms of its returns if held to maturity, if held to the call date, or if held to the put date; or the yield may be calculated simply on the basis of the interest the bond pays compared with its current market price.
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What's the spot VIX? What's the difference between annual percentage yield (APY) and annual percentage rate (APR)? What does SPIA stand for? Making smart financial decisions often means combing through and deciphering technical terms and industry jargon. The SmartMoney Financial Glossary offers definitions of more than 3,000 words related to personal and high finance, with examples in context.
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