Dictionary
- Yard
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The open grounds of a property.
- Year to Year Tenancy
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A periodic tenancy in which the rent is reserved from year to year.
- Yield
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The actual return on an investment usually paid in dividends or interest.
- Yield Spread
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The difference in income derived from a commercial mortgage and from a benchmark value. Also the difference between a mortgage’s wholesale rate and retail rate. Mortgage brokers get paid primarily via maintaining a yield spread.