In a practical sense, the longer the term of a bond, the greater the default risk associated with the bond.

Name: In a practical sense, the longer the term of a bond, the greater the default risk associated with the bond.
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Quizplus · Accepted Answer

The longer the term of a bond, the more time there is for economic and market conditions to change, affecting the issuer's ability to make timely interest and principal payments. This increases the risk of default, making longer-term bonds generally riskier than shorter-term bonds.

In a Practical Sense, the Longer the Term of a Bond