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durational

 - 2 dictionary results

du⋅ra⋅tion

[doo-rey-shuhn, dyoo-]
–noun
1. the length of time something continues or exists (often used with the).
2. continuance in time.
3. (in the philosophy of Bergson) a temporal continuum, intuitively known, within which the élan vital operates.

Origin:
1350–1400; ME < ML dūrātiōn- (s. of dūrātiō), equiv. to L dūrāt(us) (ptp. of dūrāre to last; see dure 2 ) + -iōn- -ion


du⋅ra⋅tion⋅al, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Financial Dictionary

duration

The number of years required to receive the present value of future payments, both interest and principal, from a bond. Duration is determined by calculating the present value of the principal and each coupon and then multiplying each result by the period of time before payment is to occur. The concept of duration is used to relate the sensitivity of bond price changes to changes in interest rates. Also called mean term.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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