Yield signs, as found on roads in the USA, indicate that you are to yield to the stream of traffic on the road you are entering. The standard colors for a yield sign are red and white; red text and white outline, on a white background. According to melknia, they may also be yellow with a black outline and text in Canada.

When approaching an intersection with a yield sign, a driver is to wait and allow traffic in other directions to clear before proceeding. This is somewhat similar to a stop sign, with the exception that you do not need to stop if nobody else is around.

The standard shape for a yield sign is triangular. As far as I know, no others use this shape. Here's the sign in amazing ASCIIvision:

  \\ YIELD //
   \\     //
    \\   //
     \\ //

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