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Simple English definitions for legal terms
duration
Read a random definition: convertible debenture
A quick definition of duration:
Duration refers to how long something lasts. It can be used to describe the length of time a lawsuit lasts, how long a property interest lasts, or how long a trust exists. It can also simply refer to a length of time, such as an hour.
A more thorough explanation:
Definition: Duration refers to the length of time that something lasts or continues.
For example, the duration of a movie is the length of time it takes to watch the entire film. The duration of a class is the length of time that the class meets. The duration of a song is the length of time that the song plays.
Duration can also refer to the length of time that a property interest lasts, such as the duration of a lease or the duration of a mortgage. In addition, it can refer to the length of time that a trust exists.
Overall, duration is a measure of time and how long something lasts or continues.