Glossary of Economic Terms: Y

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yield

The return on a loan or investment, stated as a percentage of price.

yankee bond

A dollar denominated bond issued in the United States by foreign banks and corporations. These bonds, the U.S. equivalent of the Eurobond, pay semi-annual interest, unlike the Eurobonds, which pay annual interest, and are registered with the Securities and Exchange Commission.

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Last updated February 6, 2004