duration
Definition 1
Period required to complete an activity, job, or task, usually excluding holidays and other non-working days.
Definition 2
Period a fixed-income security (such as an interest bearing bond) will take to recover the investment (principal and interest) in present value terms. This information is usually provided by the security's dealer or the mutual fund that invests in that security. See also Macaulay duration, and modified duration.
Definition 3
Change in the price of an interest generating security (such as a bond) caused by a one-percent change in interest rates.
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