Yard


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Yard

Slang for one billion currency units. Used particularly in currency trading, e.g., for Japanese yen since one billion yen equals approximately US$10 million. It is clearer to say, "I'm a buyer of a yard of yen," than to say, "I'm a buyer of a billion yen," which could be misheard as "I'm a buyer of a million yen."

Yard

1. In foreign exchange, informal for one billion. On an open outcry exchange, a trader may bid or offer one yard of a currency instead of one billion in order to avoid confusion of billion with million or trillion.

2. A slang term in Hong Kong for $1 billion. See also: Hong Kong dollar.
References in classic literature ?
said Silas, "why, there's people coming out o' the Yard as if they'd been to chapel at this time o' day--a weekday noon
I slept about two hours, and dreamt I was at home with my wife and children, which aggravated my sorrows when I awaked, and found myself alone in a vast room, between two and three hundred feet wide, and above two hundred high, lying in a bed twenty yards wide.
The Garden of Flowers,' and truly there is no deciding which of the two books is the more truthful, or, to put it better, the less lying; all I can say is, send this one into the yard for a swaggering fool.
It was my growing conviction that he had been recognized when leaving Scotland Yard, and either taken then and there, or else hunted into some new place of hiding.
a high-pitched voice shouted, and a seven-year-old boy in a black sheepskin coat, new white felt boots, and a warm cap, ran hurriedly out of the house into the yard.
From this point we can see the entrance of the yard, and they can hardly see us.
There's a man coming down shortly from Scotland Yard," the inspector announced, a little gloomily.
In the middle of the old man's account of his acquaintance with Sviazhsky, the gates creaked again, and laborers came into the yard from the fields, with wooden ploughs and harrows.
He was still looking down from his window upon these things, when a band of men with torches, ladders, axes, and many kinds of weapons, poured into the yard, and hammering at his door, inquired if there were any prisoner within.
As if the aspiring city had become puffed up in the very ground on which it stood, the ground had so risen about Bleeding Heart Yard that you got into it down a flight of steps which formed no part of the original approach, and got out of it by a low gateway into a maze of shabby streets, which went about and about, tortuously ascending to the level again.
Really, I knew already the anterior part of this submarine boat, of which this is the exact division, starting from the ship's head: the dining-room, five yards long, separated from the library by a water-tight partition; the library, five yards long; the large drawing-room, ten yards long, separated from the Captain's room by a second water-tight partition; the said room, five yards in length; mine, two and a half yards; and, lastly a reservoir of air, seven and a half yards, that extended to the bows.
They were about three hundred yards from us, and therefore practically out of shot, but Good, who was walking ahead, and who had an express loaded with solid ball in his hand, could not resist temptation.