A life insurance contract whose value fluctuates with that of the underlying securities portfolio. It differs from fixed annuities in that the rate of return is not constant and so is not as vulnerable to inflation risk. The relative rate at which a security or mutual fund share tends to move up or down in value. The NYSE and AMEX, as well as numerous brokerage firms, are based there. The NYSE is actually located at the corner of Wall and Broad Streets.
Y yield The percentage rate at which a fund's portfolio earns income.
The relationship between the returns on fixed-income investments of the same quality and their maturities. The Treasury yield curve, published regularly in the Wall Street Journal, shows in graph form the yields on U.S. Treasury securities with maturities ranging from three months to 30 years. The Treasury yield curve is the benchmark that fixed-income investors use to determine whether they are being rewarded enough for the risks they are taking. It is sold at a deep discount from the face value. The buyer receives a rate of return in the form of gradual price appreciation.