Real Estate Dictionary/Glossary A,
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N.B. This glossary is provided with the understanding that the author is not
providing any legal, or other professional services. If legal or real estate
advice is required, the services of a competent professional person should be
sought.
Yankee Aussie
Bonds denominated in $A, issued in the US bond market to US investors.
Yankee Bonds
Bonds denominated in $US, issued in the US by a foreign borrower.
Yankee Kiwi
Bonds denominated in $NZ, issued in the US bond market, to US investors.
YCAN
Abbrev. yield-curve adjustable note.
Year-to-Year Tenancy
A periodic tenancy in which the rent is reserved from year to year.
Yield
The return on an investment or the amount of profit, stated as a percentage of
the amount invested; the rate of return. In real estate, yield refers to the
effective annual amount of income that is being accrued on an investment.
The yield on income property is the ratio of the annual net income from the
property to the cost or market value of the property. The yield, or profit, to a
lender is the spread or differential between the cost of acquiring the funds
lent and the interest rate charged.
Yield Curve
A graph showing the relationship between the yield to maturity and the term to
maturity of a group of similar securities.
Yield Gap
A yield curve graph of the margin between bonds and equities, comparing the
performance of the two over a given period.
Yield to Redemption
The actual rate of return on the security from its date of purchase until it
matures, taking into account the interest payments and the investor's capital
gain or loss.
Yield-Curve Adjustable Note
A form of floating-rate note (FRN) that is fitted to the yield curve so that its
return increases when the interest rates move in a predetermined direction. In
the 'bull' version the return would increase if rates fall and in the 'bear'
version they would increase if rates rise. Abbrev. YCAN.
Yield-Curve Swap
A floating-for-floating-rate swap with the rates for the two interest streams at
different points on the yield curve. Both payments are reset at the same
intervals.
Yuppie
Young urban professional; a somewhat pass expression describing a bright young
person working in the city, speeding up the career ladder, earning a high income
and spending it ostentatiously.
Real Estate Dictionary/Glossary A,
B,
C,
D,
E,
F,
G,
H,
I,
J,
K,
L,
M,
N,
O,
P,
Q,
R,
S,
T,
U,
V,
W,
X,
Y,
Z
