Glossary Index
A B C D E F G H I J K L M N O P Q R S T U V W Y Z
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Glossary




Y

YEAR OF ACCOUNT BASIS : Accounting technique practiced related to reinsurance transactions; within this category accounts dealing with premiums and losses during the year being considered irrespective of the origination year of the cession or loss

YIELD : Ratio of the income earned on an investment to the face value of the investment; also known as current yield on the investment

YORK-ANTWERP RULES : Set of rules devised as voluntary code of maintaining universal standardization on treating General Average; provisions in these rules form the basis of adjustments related to general average