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.
The Family Medical Leave Act (FMLA) and short-term disability often work hand in hand. FMLA allows an employee to take up to 12 weeks off in a 12-month period due to specific medical reasons. The employee is not paid for this time unless accrued paid time off is used, such as sick or vacation pay. Short-term disability, on the other hand, pays a percentage of your regular salary while you are out.