Year Over Year (noun) Definition, Meaning & Examples

adverb, adjective Accounting, Finance.
  1. as compared with the corresponding figure 12 months earlier; involving or reckoned by such a comparison: Exports fell 2 percent year over year in May.February rents for one-bedroom apartments saw a year-over-year increase of 6 percent.Abbreviation: YoY
  2. in each year that passes after an initial investment, the start of an observed trend, etc.; annual or annually: The gain from this software purchase has been our best ROI year over year.Over the last decade, the year-over-year trend in inflation has strongly correlated with the year-over-year trend in GDP.
Year Over Year (noun) Definition, Meaning & Examples

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