Tenor

Definition

Tenor. An interval of time linked ot a financial product, usually denoting the duration over which it has some form of Scheduled Payment

The amount of time left until the maturity date for the repayment of a loan or financial obligation, or the initial term length of same. Tenor can be expressed in years, months or days

Example

• It is the time at which a Draft shows it is payable, such as, at sight, 60 days after the Bill of Lading date.

See Also

• Maturity Date

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