Money Market Definitions - Starting with W Y Z

Here is the list of terms associated with the money market, starting with alphabet W, Y & Z

 

 

WORKING DAY

Any day, provided such day is not a Saturday or a Sunday or a Reliance Capital Asset Management Limited Head Office holiday or any day on which Banks in Mumbai and / or The Stock Exchange, Mumbai and National Stock Exchange are closed for transactions or a day on which sale and repurchase of units is suspended by the AMC or a day on which normal business could not be transacted due to storms, floods, bandhs, strikes etc., subject to modifications by Reliance Capital Asset Management Ltd. from time to time.

 

52 WEEK HIGH

The highest market value of a unit (in terms of NAV) during the immediately preceding 52 weeks. 

 

WEEK LOW

The lowest value of a unit (in terms of NAV) during the immediately preceding 52 weeks

 

YIELD

The percentage of return an investor receives, based on the amount invested or on the current market value of holdings.

 

YIELD CURVE

The relationship at a given point in time between yields on a group of fixed-income securities with varying maturities -- commonly, Treasury bills, notes, and bonds. The curve typically slopes upward since longer maturities normally have higher yields, although it can be flat or even inverted.

 

YIELD TO MATURITY

Used to determine the rate of return an investor will receive if a long-term, interest-bearing investment, such as a bond is held to its maturity date. It takes into account purchase price, redemption value, time to maturity, coupon yield and the time between interest payments.

 

ZERO-COUPON BOND

A bond where no periodic interest payments are made. The investor purchases the bond at a discounted price and receives one payment at maturity. The maturity value an investor receives is equal to the principal invested plus interest earned compounded semiannually at the original rate to maturity. Interest income from zero-coupon bonds is subject to taxes annually even though no payments will be made.  

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