Debt securities with less than ten years to maturity when issued are called ______.

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Notes are typically short-term debt securities with maturities less than ten years at the time of issuance. Bills are also short-term debt securities, but typically have maturities of less than one year. Consols are perpetual bonds with no set maturity date. Bonds can have maturities of ten years or longer. Annuities are not debt securities, but rather a type of investment that provides a fixed income stream.

Debt Securities with Less Than Ten Years to Maturity When