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.
1 Holidays and holiday pay are two of the terms that must be set out in the written statement of terms and conditions of employment or in the contract of employment. 2  Every worker (i.e. not just employees) is entitled to 5.6 weeksâ paid statutory leave a year under the Working Time Regulations 1998 (WTR).