medium-term notes

medium-term notes definition - finance
Notes that are sold continuously, often weekly, that have all the features of corporate bonds. (A typical bond offering is made only every three to four years.) The maturities of medium-term notes range from 9 months up to 30 years, although 30 years isnÂ’t a common issuance. Companies that sell MTNs are the highest-quality companies.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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