Examlex
The process by which the lens changes shape in order to focus light on the retina is termed phototransduction.
Coupon Rate
The annual interest rate paid by a bond, expressed as a percentage of the bond's face value, determining the periodic interest payments to bondholders.
Par-Value
The nominal or face value of a bond or stock, as stated by the issuer.
Duration
A measure of the sensitivity of a bond’s price to changes in interest rates, expressed as the weighted average time to receive the bond's cash flows.
Macaulay Duration
A measure of the weighted average time until a fixed income asset's cash flows are received, used to assess interest rate risk.
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