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.
