Accounting Terms

year-to-date net income: A company's net income from the start of the current accounting year until a specified date. For example, the year-to-date net income at May 31, 2004 for a calendar year company is the net income from January 1, 2004 until May 31, 2004. For a company with a fiscal year beginning on July 1, 2003 the year-to-date net income at May 31, 2004 is the net income for the 11-month period from July 1, 2003 through May 31, 2004.
yield: Market interest rate, current return, effective interest rate. Also see yield to maturity.
yield to maturity: The total annual return on a bond investment if held to maturity. For example, if a bond is purchased at less than its maturity value, the yield to maturity includes the annual interest plus the gain as the bond increases from the investment amount to the maturity value.

If the bond is purchased at more than its maturity value, the yield to maturity includes the annual interest minus the loss as the bond decreases from the investment amount to the maturity value.

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