$100 increments

[unpakwon]

Please clarify the following in red.

TIPS(Treasury Inflation Protected Securities) require a small minimum investment of $100 and are sold in $100 increments with 5-, 10-, and 30-year maturities.

Does this mean "when you buy 5-, 10-, 30-year maturities, you have to pay $200, $300, $400 each?"

Thank you.

 

[tedmc]

Investments are accepted for the amounts of $100, $200, $300, $400...
Investments are accepted for periods of 5, 10 and 30 years. (why the - after the number of years?)

not a teacher

 

[probus]

Investments are accepted for the amounts of $100, $200, $300, $400...
Investments are accepted for periods of 5, 10 and 30 years. (why the - after the number of years?)

not a teacher

That is perfectly correct but not quite natural.

Investments are accepted only in multiples of $100. For all investments, maturities of five, ten and thirty years are available.

 

[Rover_KE]

Why the - after the number of years?

This is how we express in a shorter way '5-year, 10-year and 30-year maturities'.

You will also see 'I teach 5- and 6-year old children'.

 

[tedmc]

Can we say 'maturity(period) of five years'?

Maturity is the due date of a investment deposit, not a time period according to the dictionary.

http://www.thefreedictionary.com/maturity

not a teacher

 

[probus]

Yes, you can say "maturity of five years" and you can add "period" if you like.