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What Does Tenor Mean?
The amount of time left for the repayment of a loan or contract or the initial term length of a loan. Tenor can be expressed in years, months or days.
Investopedia explains Tenor:
For example, if a bank loan is initially extended with a five-year tenor, after three years, the loan will be said to have a tenor of two years.

Tenor is sometimes used interchangeably with “maturity”, although tenor is not often used to describe the terms of fixed-income instruments such as government bonds and corporate bonds. Instead, non-standardized contracts like insurance policies and bank loans tend to be described in terms of tenor.

 

Tenor symbols

In finance, a forward contract or simply a forward is a non-standardized contract between two parties to buy or sell an asset at a specified future time at a price agreed today. The following symbols are used to specify amount of time between transaction and expiration:

Month Codes

For futures contracts specifying physical delivery, the delivery month is the month in which the seller must deliver, and the buyer must accept and pay for, the underlying. For contracts specifying cash settlement, the delivery month is the month of a final mark-to-market. The exact dates of acceptable delivery vary considerably and will be specified by the exchange in the contract specifications.