Yearly Probability Of Dying

What is 'Yearly Probability Of Dying' A numerical figure that depicts the likelihood of someone dying per year. The yearly probability of dying is determined by looking at a mortality table which shows the rate of death at each age in terms of the number of deaths per thousand. The data in the chart is determined by...

Yellow Knight

What is 'Yellow Knight' A company that was once making a takeover attempt but ends up discussing a merger with the target company. Yellow knights have various reasons for backing out of the takeover attempt, but frequently are attributable to the target company's ability to fend off takeover. The "yellow" in "yellow knight" may refer to the...

Yield Spread Premium

Yield spread premium

What is yield spread premium Yield spread premium is the difference between the interest rate a borrower pays on a loan and the interest rate that the lender receives from the investment of those funds. The yield spread premium is paid by the borrower to the mortgage broker or loan officer as compensation for originating the loan. Yield spread premium...

Icarus Factor

Definition"The Icarus Factor" is the 14th episode of the second season of the American science fiction television series Star Trek: The Next Generation, the 40th episode overall, first broadcast on April 24, 1989. Icarus Factor What is 'Icarus Factor' The term Icarus factor describes a situation where managers or executives initiate an overly ambitious project which then...

In Specie

What does 'In Specie' mean In specie is a phrase describing the distribution of an asset in its present form, rather than selling it and distributing the cash proceeds. In specie distributions are made when cash is not readily available or allocating the physical asset is a better alternative than distributing cash. In specie originates from Latin...

In-Service Withdrawal

What is 'In-Service Withdrawal' A withdrawal made from a qualified plan account before the holder experiences a triggering event. A triggering event, such as reaching a certain age, or leaving an employer, is often needed to be able to withdraw funds from a plan, such as a 401(k). Explaining 'In-Service Withdrawal' Some plans, allow...

Impaired Asset

What is an 'Impaired Asset' An impaired asset is a company's asset that has a market price less than the value listed on the company's balance sheet. Accounts that are likely to be written down are the company's goodwill, accounts receivable and long-term assets because the carrying value has a longer span of time for impairment. Upon...

In Street Name

What is an 'In Street Name' An in street name is a brokerage account where the customer's securities and assets are held under the name of the brokerage firm, rather than the name of the individual who purchased the security or asset. Although the name on the certificate is not that of the individual, they are still...

Inactivity Fee

What is 'Inactivity Fee' 1. A sum charged to investors who haven't engaged in any buying or selling activities in their brokerage accounts for an amount of time specified by the brokerage. Explaining 'Inactivity Fee' 1. One way that brokerages make money is from commissions on trades. When a customer makes infrequent trades, the brokerage...

In Play

What is 'In Play' A slang phrase used to describe a firm who has become a potential takeover target or has put itself up for sale. Once a bid is made, a company is put "in play" and will often attract additional bidders. Explaining 'In Play' When a firm becomes a potential takeover target,...