'Year's purchase' definitions:

Definition of 'Year's purchase'

From: GCIDE

Year's purchase \Year's purchase\ The amount that is yielded by the annual income of property; -- used in expressing the value of a thing in the number of years required for its income to yield its purchase price, in reckoning the amount to be paid for annuities, etc. [Webster 1913 Suppl.]

Words containing 'Year's purchase'

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