Business and Personal Finance Dictionary

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• MEDIUM-TERM NOTES (MTNS)
  
  Debt instruments with maturities ranging from 9 months to 30 years that are offered on a continuous basis. Offered on a continuous basis means that they are issued and sold as buyers request them rather than on a single issue date. MTNs have features similar to corporate bonds. Bank deposit notes are a form of MTNs.
  
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