Pronunciation: /ˈjɪəlɪŋ, ˈjəː-/
noun
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an animal (especially a sheep, calf, or foal) that is a year old or that is in its second year.
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a racehorse in the calendar year after its year of foaling.
adjective
[attributive]-
1having lived for a year; a year old: a yearling calf
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relating to an animal that is a year old: the yearling market
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2 Finance denoting a bond issued by a local authority and redeemable after one year.