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Banking

Bond Current Yield

The actual return a bondholder will receive on the bond, based on its current market price. It is given by:...

RA Promissory Note

A short form of range accrual promissory note; a type of structured promissory note that has the potential to increase the…

RCY

It stands for realized compound yield; a measure of yield that reflects the actual yield-to-maturity earned on an investment (security)....

Range Accrual Bond

A bond that pays interest only if the floating interest rate (such as LIBOR) or aninterest rate option underlying a…

Annual Percentage Yield

The total income that an investment earns on an annual basis, expressed as a percentage. It is the total earnings/...

APY

It stands for annual percentage yield; the total income that an investment earns on an annual basis, expressed as a...

Cash Yield

The rate of return, for a real estate transaction, that represents the total monetary income (total cash) earned on the...

RAN

It stands for range accrual note; a note that pays interest only if the floating interest rate (such as LIBOR)...

MMY

An acronym for money market yield; the interest rate (expressed as a percentage rate of return, or yield) that is,...

Money Market Yield

The interest rate (expressed as a percentage rate of return, or yield) that is, or can be, earned by investing...