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.
The Basics Of Bond Duration. Duration tells investors the length of time it will take a bond's cash flows to repay the investor the price he or she paid for the bond. A bond's duration is stated as a number of years and ...
1 Determining the bond yield is a matter of determining the 2  â¦. Bond Duration: What Every Bond Fund Investor Needs To Know If you have money invested in fixed income bond funds, it essential to understand the concept of bond duration.3  What is bond duration, why is it so important and why could aâ¦.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.