What is 'Duration'. Duration is 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. Bond prices are said to have an inverse relationship with interest rates.
Now, an attractions employee of Walt Disney World who has put in, for sake of argument, 40 years with the company (yes, they exist, I have met many) after this contract will make $14.07 an hour (with additional $.50 per hour wage increases per year over the next three years).
On average, salaries rise to about $113K annually for accredited Certified ITIL Leaders. The best paid folks at The Walt Disney Company have a Bachelor of Engineering in Bachelor of Engineering (BEng / BE), earning $121K per year.