A corporate debt instrument that is continuously offered to investors over a period of time by an agent of the issuer . Investors can select from the following maturity bands: 9 months to 1 year, more than 1 year to 18 months, more than 18 months to 2 years, etc., up to 30 years.
MEDIUM-TERM NOTE
Meaning of MEDIUM-TERM NOTE in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012