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.
Full-time employees earn leave during each full biweekly pay period while in pay status or in a combination of pay status and nonpay status. Nonpay status hours are charged to an employee's account and accumulate each pay period. When the number of nonpay status hours reaches 80 in a given pay period, full-time employees do not earn annual leave or sick leave in that pay period. This is known as the 80-hour cutback..