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 ?
As for that of the Salamancan," replied the curate, "let it go to swell the number of the condemned in the yard, and let Gil Polo's be preserved as if it came from Apollo himself: but get on, gossip, and make haste, for it is growing late.
replied Nikita, and running quickly with his inturned toes in his felt boots with their soles patched with felt, he hurried across the yard and into the workmen's hut.
They trotted past us, and then stopped behind a little patch of bush about a hundred yards away, wheeling round to look at us.
But as it was, his trousers cumbered him in that desperate race, and presently, when he was about sixty yards from us, his boot, polished by the dry grass, slipped, and down he went on his face right in front of the elephant.
Peninsula 35, Highland 9: Peninsula of Rolling Hills Estates (10-1) used a stellar running game to end Highland of Palmdale's season, rushing for 324 yards at West Torrance High.
Neil Favor added field goals from 37 and 29 yards in the second half, and the 74-yard Collis-to-Stephens pass sealed the victory.
Kennedy's Matt Gentile added 65 yards rushing including a 8-yard touchdown run.
2004 - Valencia 29, Hart 10: Valencia sacked Tyler Lyon nine times and held Hart to 62 yards, snapping the Indians' 65-game league winning streak in front of about 9,000 at Canyons.
Andrew Rocha 5-yard run gave Poly a lead on its first drive, but Reggie Lyons returned the ensuing kickoff 86 yards for a touchdown, and Fairfax dominated most of the rest of the way.
Chris Martinez scored from 1 yard out in the second quarter, giving Cleveland a 14-0 lead at halftime, and also had an interception.
James Clay had 96 yards on 22 attempts and tied the game at seven with a first-quarter 2-yard touchdown run.
Valencia 48, El Toro 20: Michael Herrick passed for 314 yards, surpassing the 8,000-yard mark for his career and becoming the all-time leader in passing yards in Santa Clarita history for host Valencia.