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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Housing Bubble
A run-up in housing prices fueled by demand, speculation and the belief that recent history is an infallible forecast of the future. Housing bubble ...
Low Exercise Price Option - LEPO
A call option for investors that has a price of 1 cent with an agreement to buy 1000 shares. This cannot be executed until its expiry. It works lik ...
Callable Security
A security with an enclosed call provision that gives the person who issues to redeem or repurchase the security by a particular period. Since the ...
Shadowing
Shadowing is the creation of values for variables that are not dependent strictly to market value. This means that these variable have market value ...
Pass-Through Rate
Pass-through rate is the net
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