Financial Yard

• A “yard” in financial slang equals one billion (1,000,000,000; 10^9). It likely derives from the British term “milliard.” – The term was popular…

Yankee Certificate Of Deposit Cd

Key takeaways – A Yankee CD is a U.S. dollar–denominated certificate of deposit issued in the United States by a branch of a foreign…

Yankee Bond

A Yankee bond is a debt security issued in the United States by a foreign borrower (a non‑U.S. corporation, financial institution or sovereign) and…

Yankee Market

Summary – “Yankee market” is a slang term non‑U.S. market participants use for the U.S. capital markets (equities and fixed income). It also appears…

Yacht Insurance

Yacht insurance is a specialized marine insurance policy that protects owners of larger recreational vessels against physical damage to the boat (hull), liability for…

Y2k

Y2K (the “Year 2000 problem” or “Millennium Bug”) was a feared global computing failure tied to a common programming shortcut from the early computer…

Y Share

A Y‑share is an institutional share class of an open‑end mutual fund intended for large or institutional investors. Y‑shares typically require high minimum investments,…

Xrt

Short answer – XRT is an abbreviation used on a ticker to show that a stock is trading “ex-rights” — i.e., the rights that…

Xetra

• Xetra is the Deutsche Börse Group’s fully electronic trading system based in Frankfurt, Germany. Launched in 1997, it handles electronic trading in shares,…

Xenocurrency

A xenocurrency (literally “foreign currency”) is any currency that is traded, deposited, or used outside the borders of the country that issues it. In…