Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Duration definition

What does Duration mean? In debt capital markets, investment and treasury practice, duration describes how long, on average, it takes to receive a bond’s cash flows and how sensitive the bond’s price is to interest rate (yield) changes. Macaulay duration is the weighted average time to all cash flows, discounted at the bond’s yield; a higher Macaulay duration means cash flows are further out and the price is more interest rate sensitive. Modified duration translates this into an estimate of the percentage price change for a 1% change in yield. For securities with embedded options, practitioners may use effective duration. Duration is...

Special guardianship orders (England and Wales): duration, variation and discharge, permission to apply, procedure and MIAM changes (29 April 2024), and termination

Published by a LexisNexis Family expert

Practice notes

Duration of Special Guardianship Orders

A special guardianship order (SGO) remains in force until the child reaches 18, unless a court brings it to an end earlier. Unlike a child arrangements order (CAO), an SGO cannot be imposed for a fixed term; it may, nevertheless, include particular provisions intended to operate for a defined period.

Variation and discharge of special guardianship orders

An SGO can be altered or discharged before the child turns 18, either on application by those permitted categories of applicant or on the court’s own initiative. Certain applicants must first obtain the court’s permission to apply. In some instances, the judge may act without an application being filed at all...

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Web page updated on 21/05/2026

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