Definitions for "Medium Term Note"
When discussing bank trading programs, a standard form of debenture with a term of ten years and an annual interest rate of 7.5 %. Also known as Medium Term Debenture (MTD).
coupon-bearing security issued in small denominations and which matures between nine months and five to six years from issue.
It is a type of bond usually issued by regular borrowers in the capital markets such as banks, large corporations and supranational bodies.