Real Estate Dictionary

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A B CI CII D E F G H I J K L M N O P Q R S T U V W X Y Z

YACHT BASIN

A system of docks and channels used for the keeping of yachts and similar boats.

YARD

(1) A MEASURE OF 36". (2) The free area between the building and property line of a residential property (back yard, side yard, front yard). (3) An enclosure used for a business purpose (lumber yard, etc.).

YARD LUMBER

Lumber generally found in a lumber yard, that is lumber graded for general building purposes.

YIELD

Ratio of income from an investment to the total cost of the investment over a given period of time.

YIELD TO MATURITY

Also known as Internal Rate of Return (IRR) which measures the annual yield of a financial instrument. For investments, the IRR measures the average rate of return the investment is expected to yield over its life. For lending, the IRR measures the cost of credit over the life of the credit transaction.