The key difference between a note and a bond is that note maturities are usually less than one year, while bond maturities are one year or more.

Name: The key difference between a note and a bond is that note maturities are usually less than one year, while bond maturities are one year or more.
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Notes can have maturities ranging from one to ten years, while bonds typically have maturities of more than ten years.

The Key Difference Between a Note and a Bond Is