What is the meaning of a 'Yield' sign?

A 'Yield' sign indicates that drivers must slow down and be prepared to stop if necessary, allowing other vehicles or pedestrians to have the right of way. This sign is crucial for maintaining safe traffic flow, especially at intersections or where road conditions may change quickly. When approaching a yield sign, a driver must assess the situation: if the way is clear and safe, they can proceed; however, they must be ready to stop if another vehicle or pedestrian has the right of way. This understanding promotes caution and attentiveness while driving, ensuring that all road users can navigate intersections safely without unnecessary delays or accidents.