Examlex
Two or three words that are used so frequently together that they function like a one-word preposition.
Duration
A measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates, typically expressed in years.
Coupon
The interest rate on a bond that the issuer promises to pay to the holder until maturity.
Zero-Coupon Bond
A bond that does not pay periodic interest and is sold at a discount from its face value, with the return being the difference between the purchase price and the bond's face value at maturity.
Duration
A measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates, often indicating the bond's price volatility.
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