Yield Curve Risk What is the 'Yield Curve Risk' The yield curve risk is the risk of experiencing an adverse shift in market interest rates associated with investing in a fixed income instr

Hard-Coded Stock What is 'Hard-Coded Stock' This is a term that refers to a company's stock symbol or ticker symbol. Every security listed anywhere on the globe has a unique symbol for the

Hands-On Investor What is 'Hands-On Investor' An investor who holds a large portion of a company's shares and takes an active management role. A hands-on investor can also be called a majo

Hard Call Protection What is 'Hard Call Protection' The period in the life of a callable bond during which the issuing company is not permitted to redeem the bond. Hard call bonds have thi

Yield Curve A yield curve depicts interest rates of bonds having different maturities, but same credit quality, at a specific point in time. The yield curve is mostly used to compare rates o

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

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-Based Option What is 'Yield-Based Option' A type of debt-instrument-based option that derives its value from the difference between the exercise price and the value of the yield of t

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