Super Finance Glossary
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Over 10,000 financial glossary terms...
Macaulay Duration
Macaulay Duration
Definition: The weighted-average term to maturity of the cash flows from a bond, where the weights are the present value of the cash flow divided by the price.
Definition: The weighted-average term to maturity of the cash flows from a bond, where the weights are the present value of the cash flow divided by the price.