term duration macaulay help what is
Meaning of Macaulay duration. What is it: and the final value due to interest rate changes cancel.

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Definition Macaulay duration

MACAULAY DURATION title: Macaulay duration (FIN-FSCM-TRM-TM) (SAP Library - Glossary)
MACAULAY DURATION category: Transaction Manager (FIN-FSCM-TRM-TM)
MACAULAY DURATION explained:

Date on which the offsetting changes in the market value and the final value due to interest rate changes cancel each other out. This is calculated as the weighted total of the payment dates for the bond, using the quotient from the discounted cash flows and the market price of the security as the weights.

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