Y-Share

Mutual fund share class for institutional investors, with low fees.

Y2K

Year 2000 tech issue, feared to disrupt financial systems, largely mitigated.

Yacht Insurance

Coverage for yachts, protecting against damage, liability, or theft.

Yale School of Management

Prestigious U.S. business school, known for finance and leadership programs.

Yankee Bond

USD-denominated bond issued in the U.S. by foreign entities.

Yankee CD

Certificate of deposit issued in the U.S. by foreign banks.

Yankee Certificate of Deposit

Synonym for Yankee CD, offering competitive rates to U.S. investors.

Yankee Market

U.S. market for securities issued by foreign entities, like bonds or CDs.

Yard

Slang for one billion units of currency, used in forex trading.

Year-End Bonus

Additional compensation paid annually, often in finance or corporate roles.

Year-Over-Year (YOY)

Comparing a metric, like revenue, to the same period last year.

Year to Date (YTD)

Performance or returns from the start of the year to the present.

Yearly Probability of Dying

Actuarial statistic used in insurance to estimate mortality risk.

Yearly Probability of Living

Actuarial statistic for survival likelihood, used in life insurance pricing.

Yearly Rate of Return Method

Calculating annual investment returns, often for performance evaluation.

Yearly Renewable Term (YRT)

Life insurance renewed annually, with premiums increasing with age.

Yearly Renewable Term Plan of Reinsurance

Reinsurance renewed yearly, covering specific risks for insurers.

Years Certain Annuity

Annuity paying for a guaranteed period, regardless of death.

Year's Maximum Pensionable Earnings (YMPE)

Canadian limit on earnings for pension contributions, adjusted annually.

Yellow Knight

Firm backing out of a hostile takeover but proposing a merger.

Yellow Sheets

Publication listing OTC bonds, providing pricing and trading data.

Yen ETF

ETF tracking Japanese yen or yen-based assets, for currency exposure.

Yield

Return on investment, expressed as a percentage, like dividends or interest.

Yield-Based Option

Option with payouts tied to an asset’s yield, like bond yields.

Yield Basis

Quoting bond prices based on yield, not dollar value, for comparison.

Yield Curve

Graph showing interest rates across different maturities, indicating economic outlook.

Yield Curve Risk

Risk of losses from changes in yield curve shape or slope.

Yield Equivalence

Comparing taxable and tax-exempt yields for equivalent after-tax returns.

Yield Maintenance

Prepayment penalty ensuring lenders receive expected yield on loans.

Yield on Cost (YOC)

Dividend yield based on original investment cost, not current price.

Yield on Earning Assets

Income from interest-earning assets, like loans, divided by total assets.

Yield Pickup

Additional yield from switching to a higher-yielding investment.

Yield Spread

Difference between yields of two securities, like bonds, indicating risk.

Yield Spread Premium

Fee paid to mortgage brokers for higher-rate loans, often controversial.

Yield Tilt Index Fund

Fund overweighting high-yield securities within an index, seeking income.

Yield to Average Life

Yield considering a bond’s average maturity, used in amortizing securities.

Yield to Call

Yield assuming a bond is redeemed at its earliest call date.

Yield to Maturity (YTM)

Total return if a bond is held to maturity, including interest and price.

Yield to Worst (YTW)

Lowest possible yield on a bond, considering all call or redemption scenarios.

Yield Variance

Difference between actual and expected investment returns, measuring performance.

Yo-Yo

Stock with volatile price swings, often speculative or manipulated.

York Antwerp Rules

International guidelines for maritime loss allocation, used in shipping insurance.

Young and Wealthy but Normal (YAWN)

Affluent individuals living modestly, impacting wealth management strategies.

Yugen Kaisha (YK)

Japanese limited liability company structure, now largely replaced.

Yuppie

Young urban professional, often affluent, influencing financial trends in the 1980s.