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 periodicals archive ?
--> Graphs showing the performance for wide receivers drafted in the first 3 rounds of the NFL draft by round by year (2012, 2013, 2014) in their first year in the league (for receptions, yds and TDs)
Jameis Winston, QB Florida State 2013 79.2 257-384, 4,057 yds., 40TD
Mak Siccar, 428 yds, par 4: The greenside bunker short left has been cut slightly closer to the putting surface to gather any undercooked approach shots.
A newly-built double storey bungalow (1,000 sq yds) now costs around Rs90m as compared to Rs60m in 2008 while quality construction exceeds its price to over Rs90m, he said.
"I passionately believe in the YDS concept and now want to give it my undivided attention" he said.
Most "big plays," pass receptions that gain 25 yds. or more, are the direct result of putting your players in position to use their natural and trained athleticism.
Hole 3, 210 yds, par 3 SWEETLY struck iron sailed through green and into gallery where Price took free drop.
(Royal St George's 1st), 442 yds, par 4: Puts pressure on from the start, demanding a solid drive into the left of the fairway.
Hole 3, 210 yds, par 3 HIT first green in regulation and a yard further would have set up a good birdie chance.
Scott Leaf Saddle Open Handicap Mile: 1 I Am Still The Man (David Bevan); 2 Rebelwood (Julian Price) 40 yds; 3 Northern Sky (Julie Bevan) 10 yds.
See summary for the affect on race distances: 12:05 +18 yds; 12:40 +90 yds; 1:10 -36 yds; 1:40 +108 yds; 2:15 & 3.25 -18 yds; 2:50 +54 yds POINT-TO-POINT form figures are in bold type
Shop Assorted prints (blocks) 27/8-31/4 yds. total* Blue/pink print (blocks, outer border, binding) 23/8 yds.