Tenor (finance)

Tenor (finance) refers to the time-to-maturity of a bond, or for an interest rate swap, the length of time during which these payments are made.[1]

For a swap, tenor may also be used to mean the coupon frequency. [2]

References

  1. ↑ Tenor, in Financial times lexicon
  2. ↑ http://www.investment-and-finance.net/derivatives/s/swap-tenor.html
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