D defs.my
Entry 1 sense Webster, 1913

Year's purchase

/yĭrz pẽrch'-əs/ · IPA
01 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…
  1. 1.
    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.