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equivalent bond yield

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Financial Dictionary

equivalent bond yield

The annual yield on a short-term security that is usually quoted on a bank-discount basis to make the yield comparable with quotations on other interest-bearing debt.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Bond Investing
Trade Stocks, Options, Futures and Bonds Online with optionsXpress.
www.optionsXpress.com
Merrill Lynch Investing
Contact a Financial Advisor To Help You Rebuild Your Assets Today
www.TotalMerrill.com
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