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convexity

   Also found in: Dictionary/thesaurus, Medical, Encyclopedia, Wikipedia, Hutchinson 0.03 sec.
Convexity
Property that a curve is above a straight line connecting two end points. If the curve falls below the straight line, it is called concave.
convexity
A mathematical measure of the sensitivity of a bond's price to changing interest rates. A high convexity indicates a greater responsiveness of a bond's price to interest rate changes.


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