short-dated

/'ʃɔ:t'deitid/

Thân thiện

The investor reviews a short-dated gilt in his portfolio.

Definition

Adjective: 1. Relating to a financial instrument with a short remaining term to maturity: Specifically used to describe bonds, bills, or other securities that will be repaid (redeemed) by the issuer within a short period, typically less than five years. This term highlights the proximity of the repayment date.

Usage

The term "short-dated" is primarily used in finance and investment contexts to categorize fixed-income securities based on their time to maturity. It contrasts with "medium-dated" and "long-dated" securities. * As an adjective before a noun: short-dated bond, short-dated gilt, short-dated treasury bill. * It can be used predictively after a linking verb like "is" or "are."

Examples

• Adjective:
  • Investors seeking lower risk often prefer short-dated government bonds.
  • The fund's portfolio is heavily weighted towards short-dated securities to minimize interest rate risk.
  • Is this treasury bill short-dated?

Advanced Usage

• The specific time frame defining "short-dated" can vary slightly by market convention, but it is most authoritatively defined as less than five years to maturity for gilt-edged securities (UK government bonds). For other instruments like commercial paper, "short-dated" could imply terms of less than one year.
• "To be short-dated": This phrase describes the state of the security itself.
  • All these bonds are short-dated, so the capital will be returned soon.

Variants and Related Words

• Short-term (adj): A more general synonym not exclusive to finance, meaning lasting for or relating to a short period of time (e.g., , ).
• Near-term (adj): Similar to "short-term," often used in business and economics (e.g., ).
• Long-dated (adj): The direct antonym, describing securities with a long remaining term to maturity, typically over 10 or 15 years.

Synonyms

• Near maturity
• Short-term (in a financial context)

Antonyms

• Long-dated
• Long-term (in a financial context)

Học thuật

Adjective

1. of a gilt-edged security; having less than 5 years to run before redemption