Permanence

English translation: continuously and indefinitely in place

06:34 Jun 21, 2012

English language (monolingual) [PRO]
Bus/Financial - Economics

English term or phrase: Permanence

Dear Colleagues,

Please help me by giving me the synonym of the word Permanence in the following context, as I am confused:

(c) Permanence
The instrument is perpetual in nature and has no maturity date. It must not have step-up features (i.e. periodic increases in the rate of return)

Thanks so much

Taghreed Mahmoud KudoZ activity Questions: 328 (4 open) (4 without valid answers) (22 closed without grading) Answers: 404 Egypt
Local time: 05:07

Selected answer:continuously and indefinitely in place

Explanation:
The instrument is valid for an indefinite period, there is no maturity date at which it will end.

Selected response from:

Jack Doughty
United Kingdom
Local time: 04:07

Grading comment

Thanks so much
4 KudoZ points were awarded for this answer

SUMMARY OF ALL EXPLANATIONS PROVIDED

continuously and indefinitely in place

Jack Doughty

lifespan (in this context)

Suzan Hamer

duration

B D Finch

Answers

7 mins confidence:

permanence

continuously and indefinitely in place

Explanation:
The instrument is valid for an indefinite period, there is no maturity date at which it will end.

Jack Doughty
United Kingdom
Local time: 04:07
Native speaker of: English
PRO pts in category: 41

Grading comment

Thanks so much

Notes to answerer

Asker: Thanks so much .. It is very clear now.. I've got it..

1 day 1 hr confidence:

permanence lifespan (in this context)

Explanation:
The period during which something is functional

Suzan Hamer
Netherlands
Local time: 05:07
Native speaker of: English

4 hrs confidence:

permanence duration

Explanation:
The duration of the instrument is specified below that title as being "perpetual" with "no maturity date" etc.

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Note added at 1 day1 hr (2012-06-22 08:05:39 GMT)
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www.barbicanconsulting.co.uk/duration_elearning
"As an approximation, a financial instrument that has a duration of 1 year will lose 1% of its value for a 1% increase in interest rates."

fsahandbook.info/FSA/html/handbook/BIPRU/13/5
"Equal to the delta equivalent effective notional value of the financial instrument or payment leg multiplied by the modified duration of the debt instrument, ... "

www.mbmcommercial.co.uk/financial_services_disputes_blog?id...
" A “hedge” is a financial instrument which – if used correctly – can ... the borrower then knows their interest costs for the duration of the hedge."

B D Finch
France
Local time: 05:07
Native speaker of: English

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Permanence

English translation: continuously and indefinitely in place

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English translation: continuously and indefinitely in place

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