MACAULAY DURATION
\mˈakəlˌe͡ɪ djʊ͡əɹˈe͡ɪʃən], \mˈakəlˌeɪ djʊəɹˈeɪʃən], \m_ˈa_k_ə_l_ˌeɪ d_j_ʊə_ɹ_ˈeɪ_ʃ_ə_n]\
Sort: Oldest first
-
In 1938 US academic Frederick Macaulay defined this tool. A fixed-income financial instrument's approximate measure of its price volatility and interest rate-sensitivity. An interest bearing bond is an instrument example. Calculated as weighted average time left until a series of cash flows from the instrument are received. The weights are the present cash flow value divided by the instrument's price. Also refer to modified duration.
By Henry Campbell Black
Word of the day
Proto Oncogene Proteins c erbB 2
- cell surface protein-tyrosine kinase that is found to be overexpressed in significant number adenocarcinomas. It has extensive homology can heterodimerize EGF EPIDERMAL GROWTH FACTOR), 3 receptor (RECEPTOR, 3) and the 4 receptor. Activation of erbB-2 receptor occurs during heterodimer formation with a ligand-bound erbB family members. EC 2.7.11.-.
Nearby Words
- macassar oil
- macassar-oil
- macau
- macauco
- macaulay
- MACAULAY DURATION
- macavahu
- macaw
- macaw-tree
- macbeth
- maccabean