# Duration

*Markets & Instruments — Finicade finance glossary*

How sensitive a bond's price is to interest-rate moves, quoted in years. A duration of 7 means roughly a 7% price drop if rates rise one percentage point — the headline risk number for bond investors.

**Related terms:** [Convexity](https://finicade.com/glossary/convexity), [Bond](https://finicade.com/glossary/bond), [Interest Rate](https://finicade.com/glossary/interest-rate), [Maturity](https://finicade.com/glossary/maturity)

**Taught in:** Charter Climb — Yield Curves, Duration & Risk

Source: https://finicade.com/glossary/duration