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Duration is an approximate measure of a bond's price sensitivity to changes in interest rates. If a bond has a duration of 6 years, for example, its price will rise about 6% if its yield drops by a percentage point (100 basis points), and its price will fall by about 6% if its yield rises by that amount.
Duration of an event, Second is the unit in both English and Metric systems. Time *** Under the ____, the second is currently defined as the duration of 9, 192, 631, 770 periods of the radiation corresponding to the transition between the two hyperfine levels of the ground state of the cesium 133 atom.