DURATION — Definition of DURATION
noun
1
An amount of time or a particular time interval.
2
(in the singular, not followed by "of") The time taken for the current situation to end, especially the current war
Rationing will last at least for the duration.
3
A measure of the sensitivity of the price of a financial asset to changes in interest rates, computed for a simple bond as a weighted average of the maturities of the interest and principal payments associated with it.
📚 Source: en.wiktionary.org/wiki/duration
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