WORD OF THE DAY: BOND EQUIVALENT YIELD - An annual yield, in terms of percentage, describing the return provided to bond holders. A bond equivalent yield is double the simple interest, semiannual yield. Since Treasury and agency notes and bo ... More
1. ) A processingplant that produces a concentrate of the valuable minerals or metals contained in an ore. The concentrate must then be treated in some other type of plant, such as a smelter, to affect recovery of the pure metal.