Duration
Duration is the weighted average of the time it takes to receive each of the bond's cash flows.
Definitions
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Duration. The weighted average of the time it takes to receive each of the bond's cash flows.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
