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Macaulay duration - Financial definition

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Translations:      FR  duration (n.f.) , duration de Macaulay (n.f.)     ES  duración (n.f.) , duración de Macaulay (n.f.)     DE  Duration (n.f.) , Macaulay-Duration (n.f.) 

Concise definition of the term Macaulay duration

Macaulay duration is the weighted average life of a bond. The greater it is, the greater is the sensitivity of the bond price to changes in interest rates.

Additional information related to this definition

Definitions of related terms

Bond  •  Duration  •  Interest rate

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