Written, signed, unconditional, and unsecured promise by one party (the maker or promisor) to another (the payee or promisee) that commits the maker to pay a specified sum on demand, or on a fixed or a determinable date. Promissory notes (such as bank or currency notes) are negotiable instruments.
Advanced Bond Concepts: Duration. The term duration has a special meaning in the context of bonds. It is a measurement of how long, in years, it takes for the price of a bond to be repaid by its internal cash flows. It is an important measure for investors to consider, as bonds with higher durations carry more risk and have higher price volatility than bonds with lower durations.
1 What is bond duration, why is it so important and why could aâ¦. 2  Chemistry Basics: Ionic Bonds Definition It is impossible to fully understand chemical reactions and the chemistry on the molecular level without grasping the basic concepts and definitions.hare to: 1  Ahead of the Curve: Bond Yields Explained A bond yield is the percentage return an investor can expect to get from a bond issue in a specific period of time.