TAXABLE EQUIVALENT YIELD
taxable equivalent yield: translation
taxable equivalent yield ( TEY)
The yield that a tax-free investment would provide to an investor if the tax-free yield was "grossed up" by the amount of taxes not paid. This is the most common way of comparing yields on taxable and tax-free investments. Instead of reducing a taxable yield by the amount of applicable taxes to compare it with a tax-free yield, the tax-free yield is increased by a hypothetical amount of income tax. American Banker Glossary
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The return from a higher-paying but taxable investment that would equal the return from a tax-free investment. This depends on the investor's tax bracket. Bloomberg Financial Dictionary
Смотреть больше слов в «Financial and business terms»
TAXABLE ESTATE →← TAXABLE BENEFIT