yield to maturity

• yield-to-maturity (attributive use)

yield to maturity (plural yields to maturity)

1. (finance) The internal rate of return on a bond held to maturity, assuming scheduled payment of principal and interest.
2. (law) A calculation of yield on a bond that takes into account the capital gain or loss on a discount bond or capital loss on a premium bond. In the case of a discount bond, the yield-to-maturity, YTM, is higher than the current yield, or the coupon yield. The reverse is true for a premium bond with YTM lower than both current yield and coupon yield.

• YTM

• coupon
• current yield
• yield-to-call

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