For Macaulay Duration we have terms and definitions in 3 topics. The topics are Derivatives, Finance and Financial.

Macaulay Duration (Derivatives)

1. A measure of the sensitivity of a financial instrument's value to a change in its yield. Macaulay Duration is an overestimate, and Modified Duration (q.v.) is a more precise measure.
2. The weighted average of time until a financial instrument pays its cash flows. Each weight is proportional to the present value of the associated cash flow.
3. Modified Duration (q.v.), times 1 + y/n , where y is the yield and n is the number of coupon payments per year.

Macaulay Duration (Finance)

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.

Macaulay Duration (Financial)

Is the present value of all cash flows, both principal and interest, weighted by time. It is a measurement expressed in years which is generally less than the stated maturity. An exception occurs for zero coupon bonds. Is the present value of all cash flows, both principal and interest, weighted by time. It is a measurement expressed in years which is generally less than the stated maturity. An exception occurs for zero coupon bonds. Is the present value of all cash flows, both principal and interest, weighted by time. It is a measurement expressed in years which is generally less than the stated maturity. An exception occurs for zero coupon bonds. Is the present value of all cash flows, both principal and interest, weighted by time. It is a measurement expressed in years which is generally less than the stated maturity. An exception occurs for zero coupon bonds.

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