- empirical duration
- A measure of duration calculated by "backing into" the duration value using changes in observed market prices resulting from changes in prevailing rate. American Banker Glossary
Financial and business terms. 2012.
empirical duration
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Empirical Duration — The calculation of a bond s duration based on historical data. Empirical duration is estimated statistically using historical market based bond prices and historical market based Treasury yields. When the historical yields change, the historical… … Investment dictionary
duration — (DURÉE) by Cliff Stagoll Henri Bergson interests Deleuze because of his radical departure from philosophy s orthodoxy. Duration (durée) is one of several of Bergson s key ideas adopted by Deleuze when developing his philosophy of difference … The Deleuze dictionary
duration — (DURÉE) by Cliff Stagoll Henri Bergson interests Deleuze because of his radical departure from philosophy s orthodoxy. Duration (durée) is one of several of Bergson s key ideas adopted by Deleuze when developing his philosophy of difference … The Deleuze dictionary
effective duration — (1) One of several methods of expressing duration. More accurate than Macaulay duration or modified duration. See convexity, duration, Macaulay duration, and modified duration (2) A synonym for empirical duration. See empirical duration. (3) A… … Financial and business terms
key rate duration — A measure of duration that calculates effective or empirical duration by changing the market rate for one specific maturity point on the yield curve while holding all other variables constant. May be done as part of a series of calculations that… … Financial and business terms
option-adjusted duration — A duration measure that does allow for changes in cash flows as yields change A variation of effective or empirical duration. Option adjusted duration incorporates the expected duration shortening effect of an issuer s embedded call provision. It … Financial and business terms
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climate — /kluy mit/, n. 1. the composite or generally prevailing weather conditions of a region, as temperature, air pressure, humidity, precipitation, sunshine, cloudiness, and winds, throughout the year, averaged over a series of years. 2. a region or… … Universalium
