WAYBILL Definition

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WAYBILL is a document prepared by a carrier for a shipment of goods that contains details of the shipment, route, and charges. 

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CONTRACT RATE OF INTEREST is the interest rate specified in a contract.

YIELD is the annual return on an investment, expressed as a percentage. The yield to redemption or maturity (the same thing) combines the running yield with the "pull to redemption"; thus a bond which has a 10% coupon and exactly one year of remaining life will sell at $98.2% when interest rates are at 12.0%, that 12.0% being composed of 10.2% running yield and 1.8% pull to redemption ($100.0 - 98.2%).

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