DefinitionIn mathematics, the harmonic mean is one of several kinds of average, and in particular one of the Pythagorean means. Typically, it is appropriate for situations when the average o

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

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 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 Maturity (YTM) What is 'Yield To Maturity (YTM)' Yield to maturity (YTM) is the total return anticipated on a bond if the bond is held until the end of its lifetime. Yield to matu

Yearly Rate Of Return Method What is 'Yearly Rate Of Return Method ' More commonly referred to as annual percentage rate. It is the interest rate earned on a fund throughout an entire yea

Immediate Payment Annuity What is an 'Immediate Payment Annuity' An immediate payment annuity is an annuity contract that is purchased with a single lump-sum payment and in exchange, pays

IRR - Internal Rate of Return In order to build shareholder equity, firms carefully evaluate projects to decide which projects they should fund and which they shouldn’t. The project manage

Import Duty What is an 'Import Duty ' Import duty is a tax collected on imports and some exports by the customs authorities of a country. It is usually based on the value of the goods tha

DefinitionThe term flexible mortgage refers to a residential mortgage loan that offers flexibility in the requirements to make monthly repayments. The flexible mortgage first appeared in Aus