A current measure of the return on a COUPONbearing FIXED INCOME security, generally computed as: where C is the coupon, and P is the purchase price of the security. See also BOND EQUIVALENT YIELD, DISCOUNT YIELD, SIMPLE YIELD, TAXABLE EQUIVALENT YIELD, YIELD TO CALL, YIELD TO MATURITY.
A CALLABLE BOND with a high COUPON that is selling for a PREMIUM. The cushion bond loses less value as rates rise and gains less value when rates fall when compared with a NONCALLABLE BOND.
The year; of the course of a year; the set of studies for a particular period, appointed by a university.
A term used in Hiiulostan for the discount or allowance made in the exchange of rupees, in contradistinction to ball a, which is the sum deducted. Enc. Loud.
It runs upon four feet; or, as sometimes expressed, it runs upon all fours. A phrase used iu arguments to signify the entire and exact application of a case quoted. “It does not follow that they run quatuor pedibus.” 1 W. Bl. 145.
Costs.
Time runs against the slothful and those who neglect their rights. Bract, fols. 100&, 101.
An officer of the court of exchequer, who is appointed by patent under the great seal to be one of the barons of the exchequer. The office was abolished by St. 19 & 20 Vict c. 86.
Clerks in the chancery office, whose duties consisted in drawing up those writs which were of course, dc cursu, whence their name. They were abolished by St. 5 & 6 Wm. IV. c. 82. Spence, Eq. Jur. 238; 4 Inst. 82.
In old records. A ridge. Cur- sones tcncc, ridges of laud. Cowell.