TAXABLE EQUIVALENT YIELD Definition

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TAXABLE EQUIVALENT YIELD is the yield that must be received on a taxable security to provide the holder with the same after-tax return as that earned on a tax-exempt bond or preferred stock.

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MATURITY is the date on which the last principal payment of a debt instrument becomes due and payable.

FACTORY OVERHEAD is the costs of operating a factory which cannot be assigned directly to a specific department or product.

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