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.
If an employee is ill just before or during their holiday, they can take it as sick leave instead. If the employer agrees, employees can choose to take paid holiday while on sick leave. For example, because they donât qualify for sick pay.mployees must give their employer a doctorâs âfit noteâ (previously called a âsick noteâ) if theyâre off sick for more than 7 days in a row (including non-working days). Hospital doctors or. provide them. They can charge a fee if a fit note is asked for before the 7th day.