What is the meaning of a sign displaying "Yield"?

A sign displaying "Yield" instructs drivers to give way to other traffic. This means that when approaching a yield sign, drivers are required to slow down and prepare to stop if necessary to allow other vehicles or pedestrians to proceed safely. It emphasizes sharing the road with others, indicating that the driver must assess the situation and yield the right of way to those with priority without necessarily coming to a complete stop.

In comparison, options suggesting that drivers must stop and wait for traffic or that all traffic must halt are not accurate representations of a yield sign, as stopping is only mandated when it is safe to do so. The option that states to "proceed with caution" implies more of a general alertness rather than the specific action required in yielding. Understanding the true meaning of a yield sign is crucial for safe driving and ensuring smooth traffic flow.