The yield-to-maturity (YTM) of a bond is another way of considering a bondâs price. YTM is the total return anticipated on a bond if the bond is held until the end of its lifetime. Yield to maturity is considered a long-term bond yield, but is expressed as an annual rate.
Getting paid instead of taking holidays. The only time someone can get paid in place of taking statutory leave (known as âpayment in lieuâ) is when they leave their job. Employers must pay for untaken statutory leave (even if the worker is dismissed for gross misconduct). If an employer offers more than 5.6 weeksâ annual leave, they can agree separate arrangements for the extra leave.
If your employer has a leave policy that combines holiday, vacation, and sick leave (usually called âpaid time off,â âpersonal time offâ or âPTOâ), that time normally is treated like vacation time.Therefore, you have the right to use the time, or even be paid for the time if you donât use it.f your employer has a leave policy that combines holiday, vacation, and sick leave (usually called âpaid time off,â âpersonal time offâ or âPTOâ), that time normally is treated like vacation time.