The gross yield is calculated having taken all costs into consideration.

The farm tithes 10 percent of the gross yield to the community.

Some of them are getting very elaborate, and you're seeing the stuff in the press for things like ten percent gross yields, has anybody seen those?

For them, the net dividend yield on foreign stocks is significantly below the gross yield.

Fidelity Controlled Risk UK Fund will have an estimated gross yield annually of 5%, paid twice a year.

If they are near to maturity then the yield will reflect short-term interest rates, though again the gross yield will be lower than on money market instruments.

The Thornton Dresdner European Bond unit trust (price 45.03p, gross yield 6.86%) invests only in the sovereign debt of European countries.

"It's always important to choose wisely," particularly now that expenses take such a big bite out of gross yields, said Joel Friedman, director of fund services at Standard & Poor's.

According to the Unit Trust Association, the current gross yield of 5 per cent could fall to 4.69 per cent after 5 April, when the Budget changes come into effect.

Therefore, given equal gross yields, e.g. regarding mobile financial assets, it is more profitable to invest in low-tax countries: The net yield is higher in a low-tax country than in a high-tax country and hence the capital grows at a faster rate.