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Real Estate Definitions for the letter "Y"
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YACHT BASIN - A system of docks and channels used for the keeping of yachts and similar boats.

YARD - (1) A MEASURE OF 36". (2) The area between the building and property line of a residential property (back yard, side yard, front yard). (3) An enclosure used for a business purpose (lumber yard, etc.).

YARD LUMBER - Lumber generally found in a lumber yard, that is lumber graded for general building purposes.

YIELD - Ratio of income from an investment to the total cost of the investment over a given period of time.

YIELD TO MATURITY - See: Internal Rate Of Return.

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Carleton does not warrant all definitions in the Online Real Estate Dictionary are accurate in all contexts in all jurisdictions. The definitions are for general reference purposes only and are not to be relied on for any legal purposes. Copyright © 1975, 1979, 1984, 1986, 1991, 1998, Financial Publishing Company. All rights reserved. No part of this text or site may be reproduced in any form without advance written permission from the publisher.