yield to maturity

noun

Definitions

  1. The internal rate of return on a bond held to maturity, assuming scheduled payment of…

    The internal rate of return on a bond held to maturity, assuming scheduled payment of principal and interest.

  2. A calculation of yield on a bond that takes into account the capital gain or loss on a…

    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 premium bond. In the case of a discount bond, the yield-to-maturity, YTM, is higher than the current yield, or the coupon yield. The reverse is true for a premium bond with YTM lower than both current yield and coupon yield.

The neighborhood

Vish — recursive loop

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sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA