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Slang for one billion units in currency.

Investopedia Says:
The term also refers to "milliard," which is a European term for 1,000 million (a billion).

If a person wanted to buy one billion U.S. dollars, he or she might say, "I would like to buy a yard of U.S. dollars." By using the word "yard" in place of "billion," the person ensures that the counter-party will not misunderstand billion for "million" or "trillion."

Related Links:
Find out how a currency's relative value reflects a country's economic health and impacts your investment returns. Forces Behind Exchange Rates
Moving from equities to currencies requires you to adjust how you interpret quotes, margin, spreads and rollovers. A Primer On The Forex Market


 
 

1. Enclosed area that can be used for storing materials (storage yard) or repairing equipment (repair yard).

2. Dimension of 36 inches. A yard (actually a cubic yard) is a unit for the sale of coal, concrete, and some other products.

 

The open grounds of a property.
Example: Front yard, side yard, backyard.

 
 

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Investment Dictionary. Copyright ©2000, Investopedia.com - Owned and Operated by Investopedia Inc. All rights reserved.  Read more
Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved.  Read more

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