yield-to-worst

yield-to-worst definition - finance
A comparison of yields on a bond that would be earned using the yield-to-maturity and the yield-to-call dates. The lowest of those two yields is the yield-to-worst scenario. If a bond is called early, its yield will fall substantially, because the bondholder missed out on interest payments that ordinarily would have been received.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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