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.
Definition of time for English Language Learners. : 1  the thing that is measured as seconds, minutes, hours, days, years, etc. : 2  a particular minute or hour shown by a clock. : 3  the time in a particular area or part of the world.