YIELD TO MATURITY

yield to maturity

yield to maturity. The rate of return from an investment if the investment is held until it matures. — Abbr. YTM. Cf. TIME VALUE.

yield to maturity 到期收益反映投资者持有附息债券至到期日时所得收益的综合收益率。决定到期收益率高低的因素包括：购买价格、息票收益、至到期日的时间以及付息间隔。