What is a Yard?
In the finance world, yard is slang for one billion. The term comes from the French word milliard, which means one billion.
How Does a Yard Work?
For example, if the United States were to buy 200 new fighter jets for the military, it might spend a yard on them.
Why Does a Yard Matter?
Like any other industry, the finance world has its own slang and colorful language.