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Texas Bankruptcy - Terms & Definitions

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Year to Date
The period beginning on January 1st of the current year up until today's date.
Yield
The rate of income or return an investor receives from an investment such as a mortgage, security or installment loan to produce or provide income.
Yield Maintenance
A prepayment penalty or premium which allows investors to attain the very same yield or return as if a borrower made all the scheduled mortgage payments until the maturity or end of the term of the loan.
YTD
Abbreviation for Year to Date

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