The internal rate of return on a bond held to maturity, assuming scheduled payment of principal and interest.
A calculation of yield on a bond that takes into account the capital gain or loss on a discount bond or capital loss on a premium bond. In the case of a discount bond, the yield-to-maturity, YTM, is higher than the current yield, or the coupon yield. The reverse is true for a premium bond with YTM lower than both current yield and coupon yield.
Related
Similar words
YTM
Modern English dictionary
Explore and search massive catalog of over 900,000 word meanings.
Word of the Day
Get a curated memorable word every day.
Challenge yourself
Level up your vocabulary by setting personal goals.