IPA: /ˈjɪrˌbʊk/
KK: /jɪrˌbʊk/
A book published each year that contains information about events, people, and activities from that year, often created by students in schools.
I looked through my high school yearbook to find pictures of my friends.
Yearbook → It is formed from "year" (from Old English *geare*, meaning a period of twelve months) and "book" (from Old English *bōc*, meaning a written work or volume). A yearbook is a written collection of memories and events from a specific year.
Think of a 'year' as a period of time and a 'book' as a collection of written memories — that's why a yearbook is a book that captures the memories of a year.
No commonly confused words.