Tenor(redirected from tenorless)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.
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