| Term | Definition |
|---|
| Y | A letter of the alphabet |
| Y-Share | A class of mutual fund shares with back-end loads and higher expense ratios |
| Y2K | The year 2000 computer bug |
| Yacht Insurance | Insurance for yachts |
| Yale School of Management | A business school at Yale University |
| Yankee Bond | A bond issued in the U.S. by a foreign entity |
| Yankee CD | A certificate of deposit issued in the U.S. by a foreign bank |
| Yankee Certificate of Deposit | Same as Yankee CD |
| Yankee Market | The market for Yankee bonds |
| Yard | A unit of measurement |
| Year-End Bonus | A bonus paid at the end of the year |
| Year-Over-Year (YOY) | A comparison of performance between two consecutive years |
| Year to Date (YTD) | Performance from the beginning of the current year to the present |
| Yearly Probability of Dying | The probability of dying within a year |
| Yearly Probability of Living | The probability of living within a year |
| Yearly Rate of Return Method | A method of calculating investment returns |
| Yearly Renewable Term (YRT) | A type of life insurance that is renewable annually |
| Yearly Renewable Term Plan of Reinsurance | A reinsurance agreement that is renewable annually |
| Years Certain Annuity | An annuity that pays for a specified number of years |
| Year’s Maximum Pensionable Earnings (YMPE) | The maximum earnings used to calculate pension benefits in Canada |
| Yellow Knight | A company that rescues a target company from a hostile takeover |
| Yellow Sheets | Listings of over-the-counter stocks |
| Yen ETF | An exchange-traded fund that tracks the Japanese yen |
| Yield | The return on an investment |
| Yield-Based Option | An option whose payoff is based on the yield of an underlying asset |
| Yield Basis | A method of quoting bond yields |
| Yield Curve | A graph showing the relationship between bond yields and maturities |
| Yield Curve Risk | The risk that changes in the yield curve will affect bond values |
| Yield Equivalence | Comparing yields on different investments |
| Yield Maintenance | A prepayment penalty on a mortgage |
| Yield on Cost (YOC) | The return on an investment based on its original cost |
| Yield on Earning Assets | The return on a bank’s earning assets |
| Yield Pickup | Increasing yield by switching to higher-yielding securities |
| Yield Spread | The difference in yield between two bonds |
| Yield Spread Premium | A premium paid for a higher yield spread |
| Yield Tilt Index Fund | An index fund that tilts its holdings towards higher-yielding securities |
| Yield to Average Life | The yield on a mortgage-backed security to its average life |
| Yield to Call | The yield on a bond if it is called before maturity |
| Yield to Maturity (YTM) | The total return anticipated on a bond if it is held until it matures |
| Yield to Worst (YTW) | The lowest potential yield on a callable bond |
| Yield Variance | The difference between actual and expected yield |
| Yo-Yo | A toy |
| York Antwerp Rules | International rules governing general average in maritime law |
| Young and Wealthy but Normal (YAWN) | A term for young professionals who are wealthy but not extravagant |
| Yugen Kaisha (YK) | A type of company in Japan |
| Yuppie | A young urban professional |