true yield
noun [ C ]
ukus FINANCE
the profit produced by an investment, considering the effect of the time value of money (= the way that payments received in the future are worth less than those received now) or the effect of inflation:
Waiting six months for your money reduces the true yield on your investment.
FINANCE, STOCK MARKET
the profit from bonds, considering the price paid for them, interest payments received on them, and their value when they mature (= when they are paid back):
When a bond is bought at a discount there will be a gain when the bond matures, and the bondholder receives par value back, thus raising the true yield.