This information is provided to you as a service to help you during your real estate transaction or dealings. The Glossary of Terms we use consists of definitions from all over the United States. PLEASE, ALWAYS verify your understanding of any term listed here to be valid in it\'s use within any conversation, Sale or Purchase Agreement, Adendum to the contract, Escrow Instructions, addition or changes to any Ecrow Instructions, Title Policy, Appriasal or any other report used during the process of any Real Estate transaction.

YARD
1) A tract of ground next to, surrounding, or surrounded by a building or buildings.
2) A tract of ground, often enclosed, used for a specific business or activity.
3) A winter pasture for deer or other grazing animals.
4) An enclosed tract of ground in which animals, such as chickens or pigs, are kept.

YIELD
a return for effort or investment: bonds that yield well. The product of time, effort or investment.

YIELD CAPITALIZATION
Method used to estimate value from annual net operating income by applying a capitalization rate derived by analyzing each of the rate's component parts to provide both return on and return of the investment.