Yard

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."

BREAKING DOWN 'Yard'

The slang term yard refers to one billion and may offer a concise method of naming the figure which cannot be confused with the rhyming "million" and "trillion." Different terminology is used throughout the world for identifying large numbers. For example, one billion can be called one yard, one milliard, or one thousand million, depending on the country.

RELATED TERMS
  1. IRS Publication 926

    A document published by the Internal Revenue Service (IRS) that ...
  2. Derivative

    A security with a price that is dependent upon or derived from ...
  3. Purchasing Power

    The value of a currency expressed in terms of the amount of goods ...
  4. Underlying Security

    The security on which a derivative derives its value. For example, ...
  5. Alphabet Broker

    Slang terminology for a large insurance broker that is sometimes ...
  6. Back Up The Truck

    Slang that refers to the purchase of a large position in a stock ...
Related Articles
  1. Personal Finance

    Amazing Yard Sale Finds

    Most people go yard saling in the hopes of saving money, but some have ended up making thousands of dollars in the process.
  2. Budgeting

    Landscaping On A Budget

    It's easier to hire an expensive contractor to fulfill your landscaping needs but you can do it yourself at a much lower cost.
  3. Home & Auto

    7 Tips to Cost-Effectively Landscape Your New Home

    Boost your new home's value and curb appeal with smart and cost-effective landscaping tips.
  4. Trading Strategies

    Top Insurance Companies

    Ranking the largest insurance companies can be done in a number of ways. Identifying which companies are competitors is a good place to start.
  5. Retirement

    Philippines: A Friendly Country for English Speakers

    Read about one of Asia's top English-speaking countries, and learn about the government policies that have brought English to its students.
  6. Stock Analysis

    Property And Casualty Having Better Year

    The Property and Casualty industry reported improved financial performance in the first nine months of 2010.
  7. Stock Analysis

    5 Stocks to Hold Forever

    Based on market share and fundamentals, it would be difficult to lose if you held these five stocks long term.
  8. Investing

    What Is A Derivative?

    A derivative is a security whose price is dependent upon or derived from one or more underlying assets. Learn more on how investors can use this financial instrument in their trading strategies.
  9. Brokers

    AT&T Stock: Capital Structure Analysis (T)

    Analyze AT&T's capital structure to discover important trends in the company's financing. Find out how and why debt and equity have changed in recent years.
  10. Retirement

    Retirement Hobbies That Make Money

    Turning your hobby into some extra cash can be a great way to make your retirement more financially comfortable.
RELATED FAQS
  1. Does FINRA make any allowances for people whose first language is not English?

    The Financial Industry Regulatory Authority (FINRA) indicates that if your first language is not English, you may request ... Read Answer >>
  2. What does it mean when someone says that a stock went up X points? Does this refer ...

    For stocks, one point equals one dollar. So when you hear that a stock has lost or gained X number of "points", this is the ... Read Answer >>
  3. What expiry months are typically available for derivatives?

    Discover more about the derivatives market and learn about the varying expiration months for derivatives in different financial ... Read Answer >>
  4. Why is the British pound / U.S. dollar currency pair known as "trading the cable"?

    The British pound / U.S. dollar currency pair is one of the oldest and most widely-traded currency pairs in the world. The ... Read Answer >>
  5. How do you calculate company equity?

    Find out more about company equity, or shareholders' equity, what company equity measures and how to calculate a company's ... Read Answer >>
  6. How is asset turnover calculated?

    Learn what the asset turnover ratio is, how it can be used to compare companies in the same sector, and how the ratio is ... Read Answer >>
Hot Definitions
  1. Goldilocks Economy

    An economy that is not so hot that it causes inflation, and not so cold that it causes a recession. This term is used to ...
  2. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
  3. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  4. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
  5. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
  6. Weighted Average Cost Of Capital - WACC

    Weighted average cost of capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is ...
Trading Center