Financial and business terms

MACAULAY DURATION

Macaulay duration: translation

The weighted-average term to maturity of the cash flows from the bond, where the weights are the present value of the cash flow divided by the price.The New York Times Financial Glossary
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The earliest form of duration measurement. Developed in 1938 by Professor Frederick Macaulay, this simple form of duration provides only an approximate measure of the true price volatility and interest rate sensitivity of an instrument.
Seeconvexity, duration, effective duration and modified duration.American Banker Glossary
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The weighted-average term to maturity of the cash flows from a bond, where the weights are the present value of the cash flow divided by the price.Bloomberg Financial Dictionary

  1. macaulay duration—Macaulay Duration translationThe weighted average term to maturity of the cash flows from a bond. The weight of each cash flow is determined by dividing the present value...Investment dictionary
  2. macaulay duration—фин. дюрация Маколеяduration Дюрация МаколеяСредневзвешенный срок до погашения потоков наличности от облигации где в качестве весов выступают текущие стоимости потоков ...Англо-русский экономический словарь