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Short tenor of 3 years? Surely they meant tenure, in the sense of "A period during which something is held."
posted by akikonomu at 7:53 am
Monday, July 17, 2006
Short tenor of 3 years? Surely they meant tenure, in the sense of "A period during which something is held."
4 Comments:
hmm, "tenor" in this context is used as a financial term, so its actually alright.
http://financial-dictionary.thefreedictionary.com/Tenor
We are used to reading and using "tenure" for maturity of a financial instrument. When we see "tenor", we usually think of the male opera singer first :)
'Tenor' is correct, that's the proper financial term used by banks.
What one is 'used to' does not negate what is correct.
"Tenor" is indeed the financial term used by banks. I believe "maturity period" is the proper term used by insurance companies.
"Tenor" may be indeed coined by banks, but from an etymological point of view, "tenor" is just indefensible and far less appropriate than "tenure".
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