Macaulay Duration

Business / Finance / Macaulay Duration: The weighted-average term to maturity of the cash flows from a bond, where the weights are the present value of the cash flow divided by the price.

Modified Duration

Business / Finance / Modified Duration: The ratio of Macaulay duration to (1 + y), where y = the bond yield. Modified duration is inversely related to the approximate percentage change in price for a given change in yield. MORE

Maximum Benefit Period (Benefit Duration)

Health / Dentistry / Maximum Benefit Period (Benefit Duration): This is the maximum length of time for which benefits are payable under the plan as long as the employee remains continuously disabled. MORE

Mortgage Duration

Business / Finance / Mortgage Duration: A modification of standard duration to account for the impact on duration of MBS of changes in prepayment speed resulting from changes in interest rates. MORE

Negative Duration

Business / Finance / Negative Duration: Occurs when the price of an MBS moves in the same direction as interest rates. MORE

Macaulay Duration

Business / Finance / Macaulay Duration: The weighted-average term to maturity of the cash flows from a bond, where the weights are the present value of the cash flow divided by the price. MORE

Intermediate Duration Exposure

Health / Disease / Intermediate Duration Exposure: Contact with a substance that occurs for more than 14 days and less than a year [compare with acute exposure and chronic exposure]. MORE

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