Tenor(redirected from Tenors of a Draft)
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The length of time until a loan is due. For example, a loan is taken out with a two year tenor. After one year passes, the tenor of the loan is one year.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
The length of time before a loan is due. For example, if a homeowner is 10 years into a 30-year mortgage, the tenor is 20 years.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved