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.

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

Modified American Plan ( Map)

Life Style / Travel / Modified American Plan ( Map): A meal plan that includes two or more daily meals, usually breakfast and dinner. MORE

Modified Adjusted Gross Income (MAGI)

Business / Taxes / Modified Adjusted Gross Income (MAGI): Your modified adjusted gross income (MAGI) is your adjusted gross income (AGI) plus deductions, such as college loan interest and contributions to a deductible individual retirement account (IRA), whi MORE

Modified Pass-Throughs

Business / Finance / Modified Pass-Throughs: Agency pass-throughs that guarantee (1) timely interest payments and (2) principal payments as collected, but no later than a specified time after they are due. Related: Fully modified pass-throughs. MORE

Modified Strophic Form

Entertainment / Music / Modified Strophic Form: Song structure that combines elements of strophic and through-composed forms: a variation of strophic form in which a section might have a new key, rhythm, or varied melodic pattern. MORE

Negative Duration

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

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