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Investing Glossary:
Yard
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Slang for one billion Currency units. Used particularly in currency trading, e.g., for Japanese yen since one billion yen equals approximately US$10 million. It is clearer to say, "I`m a buyer of a Yard of yen," than to say, "I`m a buyer of a billion yen," which could be misheard as "I`m a buyer of a million yen."
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