Meaning of “duration” in the English Dictionary

british dictionary

"duration" in British English

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durationnoun [ U ]

uk /djʊəˈreɪ.ʃən/ us /duː-/

C1 the length of time that something lasts:

He planned a stay of two years' duration.
for the duration

for as long as something lasts:

I guess we're stuck with each other for the duration (of the journey).

(Definition of “duration” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"duration" in American English

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durationnoun [ U ]

us /dʊˈreɪ·ʃən/

the length of time that something lasts:

He planned a stay of two years’ duration.

(Definition of “duration” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"duration" in Business English

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durationnoun [ C or U ]

uk /djʊəˈreɪʃən/ us

the length of time that something lasts:

a two-year/ten-month/six-week, etc. duration Most placements of agency IT staff are of a three-month or six-month duration.
Does the rate only apply for a limited period or for the duration of the loan?

(Definition of “duration” from the Cambridge Business English Dictionary © Cambridge University Press)