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 ?
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.
It was a splendid sight, for they were only about two hundred yards from us.
From this point we can see the entrance of the yard, and they can hardly see us.
Ask for Lantern Yard, father--ask this gentleman with the tassels on his shoulders a-standing at the shop door; he isn't in a hurry like the rest," said Eppie, in some distress at her father's bewilderment, and ill at ease, besides, amidst the noise, the movement, and the multitude of strange indifferent faces.
The housekeeper obeyed with great satisfaction, and the worthy "Esplandian" went flying into the yard to await with all patience the fire that was in store for him.
Leave the questioning to me: it really will be a chance of finding out whether they've any suspicion of one's resurrection at Scotland Yard.
The news of the reward came to us at Scotland Yard this morning.
And gathering up the leather reins fastened together by a brass ring, Nikita took the driver's seat and started the impatient horse over the frozen manure which lay in the yard, towards the gate.
But when the rising sun began to gild the coping stones at the gable ends of the houses, Cornelius, eager to know whether there was any living creature about him, approached the window, and cast a sad look round the circular yard before him
Passing down the back garden of the house, and crossing a narrow lane at the bottom of it, he opened a gate in a low stone wall beyond, and entered the church- yard.
I have come over here in accordance with instructions received from headquarters - in fact from Scotland Yard.
Directing the coachman to a place under the shed in the big, clean, tidy yard, with charred, old-fashioned ploughs in it, the old man asked Levin to come into the parlor.