MORTGAGE DURATION


Meaning of MORTGAGE DURATION in English

A modification of standard duration to account for the impact on duration of M.B.S.s of changes in prepayment speed resulting from changes in interest rates . Two factors are employed: one that reflects the impact of changes in prepayment speed or price.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.