Glossary - X Y Z
March 24, 2008
Yield: The effective return on an investment, as paid in dividends or interest
Yield maintenance premium: A penalty, paid by the borrower, designed to make investors whole in the event of early redemption of principal
Yield spread: The difference in yields between a commercial mortgage and a benchmark value, typically U.S. Treasuries of the same maturity
Zoning: The division of a city or town into zones and the application of regulations having to do with the architectural design and structural and intended uses of buildings within such zones
Zoning ordinance: The set of laws and regulations controlling the use of land and construction of improvements in a given area or zone
