bond equivalent yield

bond equivalent yield definition - business

bond equivalent yield

Annualized yield of a zero-coupon debt security purchased at a discount from face value. Bond equivalent yield is utilized to compare a short-term discount security such as a U.S. Treasury bill with other interest-bearing debt securities.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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