| Dictionary (text version) | Products & Services | News | Support |
About | Contacts
|
|
|---|---|---|---|
Financial Glossary |
|
|
| Copyright © 2004 itlocus.com. All rights reserved | Privacy
Policy |
|
Modified duration - The ratio of Macaulay duration to (1 + y), where y = the bond yield. Modified duration is inversely related to the approximate percentage change in price for a given change in yield.