A note is generally defined as debt with an initial term to maturity of
A) zero to two years.
B) one year or less.
C) two to ten years.
D) ten to thirty years.

Question

Quizplus · Accepted Answer

A note is generally defined as a debt instrument with an initial term to maturity of two to ten years. This distinguishes it from shorter-term debt instruments like Treasury bills (which typically have maturities of one year or less) and longer-term debt instruments like bonds (which usually have maturities of ten years or more).

A Note Is Generally Defined as Debt with an Initial