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The language of mathematics has a wide vocabulary of specialist and technical terms. It also has a certain amount of jargon: commonly used phrases which are part of the culture of mathematics, rather than of the subject.
The dual use of the word "duration", as both the weighted average time until repayment and as the percentage change in price, often causes confusion. Strictly speaking, Macaulay duration is the name given to the weighted average time until cash flows are received and is measured in years. Modified duration is the name given to the price ...
Duration may refer to: The amount of time elapsed between two events; Duration (finance) – the weighted average time until the various cash flows from a security, such as a bond, are received; Duration (music) – an amount of time or a particular time interval, often cited as one of the fundamental aspects of music
The exact modern SI definition is "[The second] is defined by taking the fixed numerical value of the cesium frequency, Δν Cs, the unperturbed ground-state hyperfine transition frequency of the cesium 133 atom, to be 9 192 631 770 when expressed in the unit Hz, which is equal to s −1." [1]
Time is the continuous progression of existence that occurs in an apparently irreversible succession from the past, through the present, and into the future. [1] [2] [3] It is a component quantity of various measurements used to sequence events, to compare the duration of events (or the intervals between them), and to quantify rates of change of quantities in material reality or in the ...
Jiffy can be an informal term for any unspecified short period, as in "I will be back in a jiffy". From this, it has acquired a number of more precise applications as the name of multiple units of measurement, each used to express or measure very brief durations of time.
In the International System of Units (SI), the unit of time is the second (symbol: s). It has been defined since 1967 as "the duration of 9 192 631 770 periods of the radiation corresponding to the transition between the two hyperfine levels of the ground state of the caesium 133 atom", and is an SI base unit. [12]
A mathematical symbol is a figure or a combination of figures that is used to represent a mathematical object, an action on mathematical objects, a relation between mathematical objects, or for structuring the other symbols that occur in a formula.