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Definition of 'Yard'
A financial term meaning one billion. Yard is derived from the term "milliard" which is used in some European languages and is equivalent to the number one billion used in American English. It is equal to 10y (10 to the ninth power), or the number one followed by nine zeros: 1,000,000,000. If someone were to purchase one billion U.S. dollars, he or she could refer to the purchase as "a yard of U.S. dollars."
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