Once in a while, I invest in bonds, fixed deposits, and mutual funds.
Though I normally do not read the verbiage (I read just the salient features), I have noticed in the last few years, a new term creeping into the jargon – ‘tenor’. At first I dismissed it as one of the typos (attributable to the printer’s devil – a special devil that haunted every print shop, performing mischief such as inverting type, misspelling words or removing entire lines of completed type).
For the benefit of those who have not noticed the use of the word ‘tenor’ in financial jargon, you can see examples by searching for “loan tenor” or “bond tenor” or “deposit tenor”. The usage seems widespread – all across the world.
And the usage denotes some kind of duration, or term, or period, or tenure (could tenor be just a distortion of tenure with origins in poor spelling used in combination with spell-check/ auto-correction?)
Continue reading “Financial Instruments with Musical Properties (like ‘tenor’)”




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