Macaulay duration and Not-for-profit: Difference between pages

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Duration is the weighted average timing of the cash flows of an instrument, weighted by the present values of the cash flows.
An organisation established for a primary purpose other than the making of profits.
 
For example, a charity.
 


Macaulay’s duration uses the ''yield to maturity'' of the instrument to work out the present values to use for weighting in the duration calculation.


== See also ==
== See also ==
* [[Duration]]
* [[Fisher-Weil duration]]
* [[Immunisation]]
* [[Modified duration]]
* [[Yield to maturity]]


* [[Profit]]
* [[Third sector]]
[[Category:Corporate_finance]]
[[Category:Compliance_and_audit]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Compliance_and_audit]]
[[Category:Ethics]]
[[Category:Treasury_operations_infrastructure]]

Revision as of 13:54, 4 September 2014

An organisation established for a primary purpose other than the making of profits.

For example, a charity.


See also