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YIELD TO MATURITY (YTM)

Average annual yield of an interest generating investment held by an investor until it matures.

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YIELDING AND PAYING

In conveyancing. The initial words of that clause in leasesIn which the rent to be paid by the lessee is mentioned and reserved.

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YOKELET

A little farm, requiring but a yoke of oxen to till It.

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YORK ANTWERP RULES

Guidelines to adjust for losses by a marine carrier.

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YORK, CUSTOM OF

A custom of the province of York in England, by which theeffects of an intestate, after payment of his debts, are in general divided according tothe ancient universal doctrine of the pars ra- tionabilis; that is, one-third each to thewidow, children, and administrator. 2 Bl. Comm. 518.

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YORK, STATUTE OF

An Important English statute passed at the city of York, in thetwelfth year of Edward II., containing provisions on the subject of attorneys, witnesses,the taking of inquests by nisi prius, etc. 2 Beeve, Eng. Law, 200-302.

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YORKSHIRE REGISTRIES

The registries of titles to land provided by acts ofparliament for the ridings of the county of York In England. These resemble the officesfor the registration or recording of deeds commonly established in the several countiesof the states.

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YOUNGER CHILDREN

This phrase, when used in English conveyancing with referenceto settlements of land, signifies all such children as are not entitled to the rightsof an eldest son. It therefore includes daughters, even those who are older than theeldest son. Mozley & Whitley.

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YOUTH

This word may include children and youth of both sexes. Nelson v. Cushlng,2 Cush. (Mass.) 519, 528.

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YOUTHFUL OFFENDER

This term applies to an offender who is not a juvenile but not an adult either and may get a lenient sentence, rehabilitation and the setting aside of the conviction.

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YULE

The times of Christmas and Lammas.

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YVERNAIL

BLE. L. Fr. Winter grain. Kelham.

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