Examlex
The ________ is the global tectonic cycle that rifts supercontinents, developes extensive passive margins, opens ocean basins, closes ocean basins, creates new island arc or Andean crustal orogens, and finally builds new collisional mountain belts as the ocean completely closes to make a new supercontinent.
Duration
A measure of the sensitivity of a bond's price to changes in interest rates, representing the weighted average of the time until a bond's cash flows are received.
Basis Points
A unit of measure used in finance to describe the percentage change in the value or rate of a financial instrument, where one basis point is equal to 1/100th of 1%.
Modified Duration
A measure of the sensitivity of a bond's price to changes in interest rates, adjusted to account for changes in yield.
Market Yield
Refers to the expected yield of a bond based on its current price in the market, which can fluctuate with changes in interest rates and market conditions.
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