Duration is a measure of the sensitivity of the price -- the value of principal -- of a fixed-income investment to a change in interest rates. Duration is expressed as a number of years. Bond prices are said to have an inverse relationship with interest rates.
Keeping this in consideration, what is the meaning of duration of employment?
OECD Statistics. Definition: An indefinite duration contract of employment was a contract between the employee and the employer, for which the actual duration of the contract has not been agreed in advance.
What does the time mean?
Definition of time. 1 a : the measured or measurable period during which an action, process, or condition exists or continues : duration. b : a nonspatial continuum that is measured in terms of events which succeed one another from past through present to future.
What does service duration mean?
Longevity; duration of service or employment. Often used to indicate how long an employee has worked at a company or an individual has belonged to an organization.
You May Like Also