noun
tenor
The time remaining until a financial instrument matures.
This bond has a remaining tenor of five years.
Etymology
The older sense concerns a continuing course or duration. Finance specializes it to the period a financial instrument continues before maturity.
More examples
- As the maturity date approaches, the bond's tenor decreases.
- The bank compares yields on bonds with different tenors.
- The loan's remaining tenor is only six months.
Forms
tenor · tenors
Similar words
- term
- Can describe the full period, not just the time remaining.