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.
Leave benefits are a valuable asset to University employees; providing both financial compensation and accommodating family, professional and personal needs. Leave benefits may be authorized by federal regulations, state statutes, or University policies. Please choose the type of leave from the left menu to learn more about it. For information regarding a paid or unpaid leave of absence, refer to Employment Changes â Leave of Absence for detailed information.