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Definition of Yield to maturity
1. Noun. (finance) The internal rate of return on a bond held to maturity, assuming scheduled payment of principal and interest. ¹
2. Noun. (legal) 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. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Yield To Maturity
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