# Tag: formula

### Heath-Jarrow-Morton Model (HJM Model)

Heath-Jarrow-Morton Model (HJM Model) What is 'Heath-Jarrow-Morton Model - HJM Model' A model that applies forward rates to an existing term structure of...

### Yield To Average Life

Yield To Average Life What is 'Yield To Average Life' The yield on a fixed-income security when the average maturity is substituted...

### Years Certain Annuity

Years Certain Annuity What is 'Years Certain Annuity' An insurance product that pays the holder a monthly income for a specified number...

### Harmonic Average

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

### Yield Variance

Yield Variance What is 'Yield Variance' Yield variance is the difference between actual output and standard output of a production or manufacturing...

### Yield To Maturity (YTM)

Yield To Maturity (YTM) What is 'Yield To Maturity (YTM)' Yield to maturity (YTM) is the total return anticipated on a bond...

### Implied Rate

Implied Rate What is an 'Implied Rate' An implied rate is an interest rate that is determined by the difference between the...

### Yearly Rate Of Return Method

Yearly Rate Of Return Method What is 'Yearly Rate Of Return Method ' More commonly referred to as annual percentage rate....

### Immediate Payment Annuity

Immediate Payment Annuity What is an 'Immediate Payment Annuity' An immediate payment annuity is an annuity contract that is purchased with a...

### IRR – Internal Rate of Return

IRR - Internal Rate of Return In order to build shareholder equity, firms carefully evaluate projects to decide which projects they should fund and...