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.
Employers for about half of all American workers do provide some form of sick leave. Traditionally, employers give employees separate leave for illnesses and injuries. Some employers allow employees to use sick leave to care for their sick children while others donât. Some employers lump together vacation, personal days, and sick leave into what is called paid time off which gives employees a certain amount of leave time to use for any reason. In addition to sick leave, some employers offer disability leave to employees who miss weeks or months of work for medical reasons.