duration
duh-RAY-shuhn/dəˈɹeɪʃn̩/UKjuu-RAY-shuhn/dʒʊˈɹeɪʃn̩/
Pluraldurations
- 1
- 2The whole length of time that a situation, such as a war, keeps going until it ends.
Like waiting out a storm until it finally passes.
The soldiers were told they would serve for the duration.
We rented the cabin for the duration and didn't plan to leave early.
Note
- 3A number that shows how much a bond's price will change when interest rates go up or down.
Like a measure of how wobbly a bond's price gets when interest rates move.
A bond with a long duration loses more value when interest rates rise.
Investors compare the duration of two bonds before deciding which to buy.
Note
Practice
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Origin
It came from Latin, through old French and Middle English words for lasting.