MACAULAY DURATION
The weighted average term to maturity of a bond's cash flows. Metric named after Economist Frederick Macaulay that developed the concept in 1938, it measures the sensitivity of a bond or a bond portfolio’s price to changes in interest rates. To compute the duration, divide the current value of the cash flow by the price. Also, it is a measure of bond price volatility in terms of interest rates.
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European Currency Quotation
Indirect quotation in the foreign exchange market in which the value of a foreign currency is denoted as a per-unit measure of the US dollar. It sh ...
Passbook Loan
Passbook-loans are offered to saving-account holders by the custodial bank. This type of personal load uses the balance of a holder’s saving ...
Buy Minus
Order in which a client instructs a broker to buy a stock below its current market price. Traders use buy minus order when he intends to purchase a ...
Startup Capital
Startup capital is also known as ‘seed money’. It is the money used in operating a startup business. Money may be used for permits, inv ...
Estate Tax
Tax levied on an heir’s inherited part of an estate if the value exceeds the exclusion limit set by the law. This is mostly imposed on assets ...
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ECONOMIC CALENDAR
Time | Country | Indices | Period |
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10:00 | Ifo Business Climate Index | May | |
10:00 | Ifo Current Assessment | May | |
10:00 | Ifo Business Climate Index | May | |
10:00 | IFO - Expectations | May | |
10:00 | Ifo Current Assessment | May | |
10:00 | IFO - Expectations | May | |
14:59 | NBB Business Climate | May | |
14:59 | NBB Business Climate | May | |
01:01 | BRC Shop Price Index | May |