A debt obligation that matures in less than 10 years is best described as a note or a medium-term note.

Name: A debt obligation that matures in less than 10 years is best described as a note or a medium-term note.
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Debt obligations that mature in less than 10 years are typically referred to as notes or medium-term notes, distinguishing them from short-term debt instruments (like commercial paper) and long-term bonds.

A Debt Obligation That Matures in Less Than 10 Years