Tenor
The amount of time left for the repayment of a loan or contract or the initial term length of a loan. Tenor can be expressed in years, months or days. Investopedia Says:
For example, if a bank loan is initially extended with a five-year tenor, after three years, the loan will be said to have a tenor of two years.
Tenor is sometimes used interchangeably with "maturity", although tenor is not often used to describe the terms of fixed-income instruments such as government bonds and corporate bonds. Instead, non-standardized contracts like insurance policies and bank loans tend to be described in terms of tenor. Related Terms:
Maturity
Political Risk
Systematic Risk
Tenor
Term To Maturity
Yield To Maturity |