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.
When an employee quits or is even fired for cause, employers are required to pay their former employee everything they are owed, including wages, commissions, bonuses, and other agreed upon amounts. Depending on company policies and other factors, the employer may also owe you for sick pay, vacation pay, paid time off and severance pay.