Yield Pickup What is 'Yield Pickup' The additional interest rate an investor receives when selling a lower-yielding bond in exchange for a higher-yielding bond. The bond with the lower yie

Years Certain Annuity What is 'Years Certain Annuity' An insurance product that pays the holder a monthly income for a specified number of years. A years certain annuity is similar to othe

DefinitionHarry Max Markowitz is an American economist, and a recipient of the 1989 John von Neumann Theory Prize and the 1990 Nobel Memorial Prize in Economic Sciences. Harry Markowitz Who

Yield Elbow What is 'Yield Elbow' The point on the yield curve indicating the year in which the economy's highest interest rates occur. The yield elbow is the peak of the yield curve, sign

Yield Maintenance What is 'Yield Maintenance' A prepayment premium that allows investors to attain the same yield as if the borrower made all scheduled mortgage payments until maturity.

Yield To Worst (YTW) What is the 'Yield To Worst - YTW' The yield to worst (YTW) is the lowest potential yield that can be received on a bond without the issuer actually defaulting. The YT

DefinitionA naked put is a put option where the option writer does not have sufficient liquidity to cover the contracts in case of assignment. No amount of underlying stock will satisfy assi

DefinitionMacromarketing is an interdisciplinary field that studies marketing and how societies make business decisions. It focuses on overall consumer behavior, market regulation, and socia

Make To Order (MTO) What does 'Make To Order - MTO' mean Make to order (MTO) is a business production strategy that typically allows consumers to purchase products that are customized to t

Farm Price Index (FPI) What is 'Farm Price Index - FPI' An index that monitors the prices received by farmers for sales including crops and livestock. The farm price index, which is releas