See more synonyms on Thesaurus.com. noun. 1. a written promise to pay a specified sum of money to a designated person or to his or her order, or to the bearer of the note, at a fixed time or on demand. 2. a written promise to do or provide something, usually presented as a gift and claimable when or however the recipient chooses.
DEFINITION of 'Duration'. A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. Duration is expressed as a number of years. Rising interest rates mean falling bond prices, while declining interest rates mean rising bond prices.
conÂ·tinÂ·uÂ·ous (kÉn-tÄ­nâ²yoÍo-És) adj. 1. Uninterrupted in time, sequence, substance, or extent. See Synonyms at continual. 2. Attached together in repeated units: a continuous form fed into a printer. 3. Mathematics a. Of or relating to a line or curve that extends without a break or irregularity.