It means the other car has the right of way, and you must yield to him, ie, let him go in front of you. You don't have to stop, just slow down enough for him to get on the highway in front of you.
It means that you have to yield, or stop, for the driver that has the right of way.
"Yield" means to give something to somebody who demands it. "Right of way" means the right to go through some place (like an intersetion.) If you see a "Yield" sign as you enter some kind of intersection, it means that somebody else (not you) has the right of way, and you must yield it to them. In the U.S.A., a YIELD sign means the same thing as a STOP sign except you don't have to stop---all you have to do is keep out of the other guy's way, and you're golden.
Yield to right of way
Actually, it means to 'yield the way', but we don't have such a linguistic convention in English. Instead, we say "to yield the right of way."
yield right of way
Yield means yield. Oncoming traffic already on the road has right of way. You merge when it is safe to do so.
Yes, when approaching an intersection, you must yield the right of way to other vehicles or pedestrians if you do not have the right of way.
To yield the right of way means slowing down or stopping to allow other vehicles and pedestrians to proceed first. This happens at intersections when entering a private road or driveway and is especially important on pedestrian crossings.
Break, surrender, collapse, give in, yield, or succeeded.
You need to yield the right-of-way to the cross traffic
right before a intersection
It means that a group of people is covered with liquid. I think you might have misheard the phrase "gang WAY," which means "give way," "yield right of way," or just "get out of the way."