What is the economic meaning of duration?
Duration can measure how long it takes, in years, for an investor to be repaid the bond’s price by the bond’s total cash flows. Duration can also measure the sensitivity of a bond’s or fixed income portfolio’s price to changes in interest rates.
What is an endorsement in financial terms?
The act of signing the check is considered an endorsement, which serves as proof of the payer’s intent to transfer funds to the payee. In a financial transaction where one party gives a check to another, the payee named on the check must endorse the check before it is cashed.
What is the root word of duration?
“continuance in time; length of time during which anything continues,” late 14c., duracioun, from Old French duration, from Medieval Latin durationem (nominative duratio), noun of action from past-participle stem of Latin durare “to harden,” from durus “hard,” from PIE *dru-ro-, suffixed variant form of root *deru- “be …
What is the difference between duration and convexity?
What Are Duration and Convexity? Duration and convexity are two tools used to manage the risk exposure of fixed-income investments. Duration measures the bond’s sensitivity to interest rate changes. Convexity relates to the interaction between a bond’s price and its yield as it experiences changes in interest rates.
What is the definition of a bank endorsement?
A bank endorsement is a guarantee by a bank confirming that it will uphold a check or other negotiable instrument, such as a banker’s acceptance, from one of its customers. This assures any…
What does the term endorsement mean in real estate?
(also spelled indorsement) Placing one’s signature on the back of a check or other negotiable instrument in order to transfer ownership to another.Endorsers warrant payment of the instrument unless they sign with the additional words “without recourse.” The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD.
What does it mean to endorse an instrument?
(also spelled indorsement) Placing one’s signature on the back of a check or other negotiable instrument in order to transfer ownership to another.Endorsers warrant payment of the instrument unless they sign with the additional words “without recourse.”
What does it mean when a payee endorses a check?
The payee endorses the check by signing it on the back. A signature on the back of the check marks the transaction completion and allows the transfer of money ordered by the check. If more than one person is listed as a payee on the check, then the endorsement requirements differ depending on how the names are written.