Examlex
Which is the correct breakdown and translation of the medical term presbyopia?
High-duration
Describes bonds or other fixed-income securities that have high sensitivity to changes in interest rates, usually because they have a long time until maturity.
Low-duration
Refers to investments that have a short time until maturity, typically associated with lower interest rate risk.
Duration
A measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates, expressed in years.
Today's Dollars
An amount of money adjusted for inflation to reflect current purchasing power, often used to compare money values at different times.
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