Signs That An Oil Pump Needs Replacing The engine of an automobile relies on many parts functioning properly. It should be no surprise that if one becomes deficient; it is going to cause a great deal of wear on the engine itself.
Macaulay duration is a time measure with units in years, and really makes sense only for an instrument with fixed cash flows. For a standard bond the Macaulay duration will be between 0 and the maturity of the bond. It is equal to the maturity if and only if the bond is a zero-coupon bond.
Freebase(0.00 / 0 votes)Rate this definition: Term. A term is a period of duration, time or occurrence, in relation to an event. To differentiate an interval or duration, common phrases are used to distinguish the observance of length are near-term or short-term, medium-term or mid-term and long-term.