The Law Dictionary

Featuring Black’s Law Dictionary Free Online Legal Dictionary 2nd Ed.

Category: Y

YEAR AND A DAY

1. A period of a jail sentence. 2. In some jurisdictions, a death from wounding to be called murder must occur with one year and a day.3. Time during which a person

YELLOW DOG CONTRACT

An illegal work contract where the employee is asked not to join a union and if he is a member to resign.

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.

YELLOW SHEETS

Listing daily of bid and ask prices for over the counter bonds. Produced by National Quotation Bureau.

YIELD DIFFERENTIAL

Yield differences of securities used you compare bonds of different credit rates and maturity dates.

YIELD POINT

Load a material will deform at and not return to shape.

YAHOO!

Online website portal with a large array of information from entertainment to news and finance.

YIELD SPREAD

Variation of money earned from commercial mortgages compared to a standard value.

YANKEE BOND

Dollar denomination bond sold in USA by a foreign bank. Equivalent to a Eurobond.

YIELD TO CALL (YTC)

Yield on a bond calculated on the assumption the issuer will redeem on its first call date stated in the prospectus.

YARD LUMBER

Run of mill lumber in various finishes, widths and lengths.