Examlex
The primary functional unit of a kidney is the nephron.
Bond's Duration
Bond's duration measures the sensitivity of the bond's price to changes in interest rates, often indicating the average time it takes for a bond to repay its true cost.
Price Volatility
The rate at which the price of a security increases or decreases for a given set of returns, representing the risk of price change.
Bond Swap
The process of selling one bond and purchasing another bond with different characteristics, often for tax optimization or to improve returns.
Active Portfolio Management
A strategy where portfolio managers make regular buy and sell decisions to try to outperform the market or a specific benchmark.
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