Note Term category: Bonds In 10 words or less: A liability that matures in greater than one year (but usually less than 10).
Definition: A note is a liability that typically matures anywhere between one and ten years.
StockJargon Advice: People often call treasury debt that matures in less than 10 years a "bond." But it's actually really called a note. A treasury bond matures in 10-30 years. And a treasury bill is one that matures in less than a year.
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