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Glossary > E > "Effective duration" Definition

Effective duration

The duration calculated using the approximate duration formula for a bond with an embedded option, reflecting the expected change in the cash flow caused by the option. Measures the responsiveness of a bonds price taking into account that expected cash flows will change as interest rates change due to the embedded option.

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Effective duration - The duration calculated using the approximate duration formula for a bond with an embedded option, reflecting the expected change in the cash flow caused by the option. Measures the responsiveness of a bonds price taking into account that expected cash flows will change as interest rates change due to the embedded option.

Effective duration : the duration calculated using the approximate duration formula for a bond with an embedded option, reflecting the expected change in the cash flow caused by the option. measures the responsiveness of a bonds price taking into account that expected cash flows will change as interest rates change due to the embedded option.