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.
noun: An indefinitely long-period of time; an age. An indefinitely long-period of time; an age. The longest unit of geologic time, containing two or more eras. Eternity. Eternity. a time period of 1,000,000,000 many years. The longest time period utilized in geology. A long time period.