YELLOW KNIGHT

Corporation with plans to takeover a company in hostile manner.

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YIELD TO CALL

The yield of a callable bond. This is the percent return at the first call date. Refer to yield to maturity.

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YEAR TO DATE (YTD)

Based on the start of a calendar year to the current date specified.

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Y Q YA ET NAY

In old records. Mere assertion and denial, without oath.

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YEAR-END CLOSING

Accounting. Done at the years end to close business for that year.

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YACHT

A light sea-going vessel, used only for pleasure-trips, racing, etc. Webster. TSee 22 St.. at Large, 566 (U. S. Comp. St I 1001, p. 2845); Rev. St U. S.

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YACHT INSURANCE

Insurance that covers pleasure boats against collision, hull damage, and liability indemnity.

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YEAS AND NAYS

The affirmative and negative votes on a bill or measure before alegislative assembly. “Calling the yeas and nays” is calling for the individual and oralvote of each member, usually upon a call of the roll.

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