Business / Finance / Yield Curb: A municipal bond financing method. Underwriters in advance refundings add large markups on U.S. Treasury bonds bought and held in escrow to compensate investors while waiting for repayment of old bonds after issuance of the new bonds. Since bond prices and yields move in opposite directions, when the bonds are marked up, they 'burn down' the yield, which may violate federal tax rules and diminishes tax revenues.
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Curb Noun Synonyms: check, restraint, control
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Yield Conjunction Synonyms: return, production, output, revenue, takings, gate, earnings, income, proceeds, profit, gain
Yield Adverb Synonyms: surrender, give up (the fight or struggle), give in, knuckle under, submit, cede, cry quits, throw in the towel or the sponge, capitulate, succumb, raise the white flag
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Business / Finance / The Curb: The time remaining on a bond's life, or the date on which the debt will cease to exist and the borrower will have completely paid off the amount borrowed. See: Maturity. MORE
Business / Finance / Tax-Equivalent Yield: Employer-sponsored and other plans that allow contributions and earnings to be made and accumulate tax-free until they are paid out as benefits. MORE
Business / Agriculture / Sustained Yield: An output of renewable resources that does not impair the productivity of the resource: it implies a balance between harvesting and incremental growth or replenishment. MORE