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Greta has taken over as manager of HR for a small company.The previous HR manager had kept every scrap of paper that crossed his desk for 10 years.Greta is determined to clear out all the unnecessary "junk" left over from her predecessor that is filling cardboard boxes in her office.Greta knows she should keep all applications and hiring related documents and records for ____ before they can be discarded.
Term of Maturity
The length of time until the principal amount of a bond or other debt instrument must be repaid.
Corporate Bond
A type of debt security issued by corporations to finance their operations, infrastructure, and expansion plans, with the promise to pay back with interest.
Long-Term Bond
A long-term bond is a debt security with a maturity of typically more than 10 years, used by corporations and governments to raise large amounts of capital.
Medium-Term Bond
A bond with a maturity period typically ranging from 5 to 10 years, serving as an investment option between short-term and long-term bonds.
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