Glossary of Municipal Securities Terms

SHORT TERM OR SHORT TERM RANGE

(1) A designation given to maturities of a serial issue typically having maturities of shorter than three years from issuance.

(2) A bond or note that matures in three years or less. However, depending upon the context, a shorter period to maturity may be intended (e.g., nine or 13 months). Compare: INTERMEDIATE RANGE; LONG TERM.

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