See Also: Modified duration(finance)
Modified duration(money)
Tight money or dear money(finance)
modified sit-ups(medicine)
genetically modified(dictionary)
modified milk(medicine)
Modified Dietz method(finance)
Modified Limit - Poker(gambling)
mastectomy, modified radical(medicine)
Modified American plan(tourism)

Modified duration (money)


Definition: [crh] The ratio of Macaulay duration to (1 + y), where y = the bond yield. Modified duration is inversely relatedDefinition: to the approximate percentage change in price for a given change in yield.