Our glossary of industry terms is one of the most visited sections of our site. We work continually to keep it current and are always adding new terms. In addition, if you ever can't find an industry word you are looking for, let us know. We'll research it and add it for you.
The effective return on an investment, as paid in dividends or interest.
Yield maintenance premium
A penalty, paid by the borrower, designed to make investors whole in the event of early redemption of principal.
The difference in yield between a debt instrument or other investment and a benchmark value, typically U.S. Treasuries of the same maturity.