The relationship between nominal interest rates on default-free, pure discount securities and the time to maturity is called the:

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The term structure of interest rates describes the relationship between nominal interest rates on default-free, pure discount securities and the time to maturity. It is often represented by a yield curve, which plots the interest rates of bonds having equal credit quality but differing maturity dates.

The Relationship Between Nominal Interest Rates on Default-Free, Pure Discount