A bond term or bond tenure is the amount of time between the date on which a bond is issued to an investor and the date on which the bond reaches maturity.
Bond terms are normally made up of multiples of 1 year, with 1 year being the shortest possible term.
In the case of a conventional bond, the bond principal is repaid at the end of the bond term. A perpetual bond, on the other hand, does not have a bond term or a maturity date.
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