A red and white triangular sign means:

You are entering a School Zone.
Slow down and be prepared to stop to give vehicles crossing your path the right of way.
Bring your vehicle to a complete halt.
Do not enter the one-way street.
Explanation

A sign in the shape of a triangle with a white background and red border indicates a Yield sign. This means you must slow down as you approach the intersection and yield the right-of-way to any vehicles or pedestrians crossing your path. If the road is clear, you may proceed cautiously without coming to a complete stop.

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