Key Rate What is 'Key Rate' The specific interest rate that determines bank lending rates and the cost of credit for borrowers. The two key interest rates in the United States are the disc

Half-Year Convention For Depreciation What is the 'Half-Year Convention For Depreciation' The half-year convention for depreciation is the depreciation schedule that treats all property ac

Harmonized Index Of Consumer Prices (HICP) What is 'Harmonized Index Of Consumer Prices - HICP' A list of the final costs paid by European consumers for the items in a basket of common goo

Yield On Cost (YOC) What is 'Yield On Cost - YOC' The annual dividend rate of a security divided by the average cost basis of the investments. It shows the dividend yield of the original i

Yield Equivalence What is 'Yield Equivalence' The interest rate on a taxable security that would render a return equivalent to that of a tax-exempt security, and vice versa, calculated as

Yield Basis What is 'Yield Basis' A method of quoting the price of a fixed-income security as a yield percentage, rather than in dollars. This allows bonds with varying characteristics to

If-Converted Method What is 'If-Converted Method' A method used to calculate the share impact of convertible securities if they were converted into new shares. Only in-the-money convertibl

DefinitionImplied Repo Rate is the rate of return of borrowing money to buy an asset in the spot market and delivering it in the futures market where the notional is used to repay the loan.

National Association of Purchasing Management Chicago (NAPM Chicago) What is 'National Association of Purchasing Management Chicago - NAPM Chicago' An association which compiles a survey a

Narrow Basis What is 'Narrow Basis' A condition found in futures markets in which the spot price of underlying commodities is close to the futures price of the same contract. Explaining