noun
long-term bond
Financial term for a bond with a maturity typically exceeding one year, often used in contrast to 短期債 (short-term bond).
長期債は満期までの期間が長いため、金利変動の影響を受けやすい。
Long-term bonds are susceptible to interest rate fluctuations because of their long maturity period.
社債 is a corporate bond, which can be either short-term or long-term, while 長期債 specifically emphasizes the long-term nature regardless of issuer.
Compound of 長期 (long-term) and 債 (bond, debt). The term is a straightforward Sino-Japanese financial compound.