Investment dictionary

YIELD TO AVERAGE LIFE

Yield To Average Life: translation

The yield on a fixed-income security when the average maturity is substituted for the maturity date of the issue. It is particularly useful when a bond has a sinking-fund feature, as average life in this case may be significantly less than the actual number of years until maturity.

Yield to average life enables the investor to estimate the actual return from a bond investment, regardless of the actual maturity. The yield to average life calculation assumes that the bond matures on the day given by its average life and at the average redemption price instead of the par price.


  1. yield to average life—yield to average life translation A yield calculation in which bonds are retired routinely during the life of the issue. Since the issuer buys its own bonds on the open m...Financial and business terms
  2. yield to average life—Доходность облигации рассчитанная до среднего срока погашения...Англо-русский словарь по экономике
  3. yield to average life—ком. доходность облигации рассчитанная относительно среднего срока погашения...Англо-русский универсальный дополнительный практический словарь И. Мостицкого
  4. yield to average life—сокр. YTAL фин.u доходность при среднем сроке погашенияu доходность облигации рассчитанная относительно среднего срока ее погашения используется в случаях когда происходи...Англо-русский экономический словарь