GLOSSARY

List of Financial Terms in alphabetical order:

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Yearly Renewable Term Term life insurance that gives the insured the opportunity to renew every year. The insured can renew until the time specified in the contract. (Similar to Annually Renewable Term Insurance-ART.)

Yearly Renewable Term Reinsurance (YRT) A type of reinsurance in which the ceding company purchases yearly renewable term insurance from the reinsurer. Also called risk premium reinsurance or pure risk reinsurance.

Yield The return on an investment. The rate of return on an investment is expressed as an annual percentage rate.

Yield curve Graphic illustration of the relationship between individual yields and maturities for a given range of securities at a given period of time.

Yield to Maturity The calculation of the return an investor receives on a bond from its current date until maturity.

YRT See Yearly Renewable Term Reinsurance.

[ A ][ B ][ C ][ D ][ E ][ F ][ G ][ H ][ I ][ J ][ K ][ L ][ M ][ N ][ O ][ P ][ Q ][ R ][ S ][ T ][ U ][ V ][ W ][ X ][ Y ][ Z ]

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