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ETN

ETN stands for exchange-traded note, a debt security investors can hold until maturity.

Expanded Definition

ETNs are purchased from banks. Investors use them to get the returns of a benchmark or strategy, minus fees. ETNs can be traded like a stock, but they have a maturity date and are backed by the issuing bank.

Check out the Related Fool Articles below for help in determining how an ETN differs from an ETF, aka exchange-traded fund.

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