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 ACCRUAL: Term employees earn annual leave and sick leave. How much annual leave you earn depends on your length of Federal service. Employees with less than three years Federal service earn four hours of annual leave per two-week pay period. With three to 15 years of service, employees earn six hours of leave per pay period, and with more than 15 years of service employees earn eight hours per pay period. You earn four hours of sick leave per pay period regardless of length of service.