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effects-based
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effective duration
ef·fec·tive du·ra·tion


noun 
Definition:
 
security price change reflected by interest: one of the methods of calculating the risk associated with interest-rate changes on securities such as bonds
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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