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Yard

Candlefocus Editor
The term "yard" is commonly used in finance as a slang expression for one billion, and is commonly used when dealing with large sums of money. A yard is equal to 10 to the ninth power or 10y-10, and is used to avoid confusion with the words million or trillion. The term is used often in currency trading, and someone who purchases a yard of U.S. dollars is, in fact, buying one billion dollars.

While the number billion can often be used in casual conversations regarding large sums of money, particularly by people who are not in the finance industry, the term yard is reserved for formal, financial discussions. It makes keeping track of large trades and investments easier, as there is much less confusion when someone requests a yard of a certain currency.

The broader financial world, in general, makes use of slang to simplify and speed up conversation. While the general population may refer to 1 million as a million, those in the finance field are more likely to use the yard equivalent. Being able to quickly and accurately communicate information regarding large sums of money is incredibly important in the finance industry, and the use of the term yard is an integral part of doing exactly that.

In summary, the term yard is a financial slang term meaning one billion in currency trading. Trades and large investments are simpler and quicker when large amounts of money are referred to in yards, as opposed to confusion with the words million or trillion. The term is reserved for formal, financial discussions, as opposed to casual or everyday conversations about money. The use of the term is crucial to accurately and quickly communicate large sums of currency in the financial field.

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