Yield on a risk-less investment (generally one that has a government backed guarantee). The average three month interest rate is usually taken as a measure of the risk-free return against which other riskier assets are measured.
Found on
http://www.encyclo.co.uk/local/20211
Risk-free rate of return is an imaginary rate that investors could expect to receive from an investment with no risk. Although a truly safe investment exists only in theory, investors consider government bonds as risk-free investments because the probability of a country going bankrupt is low.
Found on
https://www.myaccountingcourse.com/accounting-dictionary/accounting-diction
No exact match found.
