The correct answer is D. long-term.
In financial markets, a long-term financial instrument is a debt instrument or equity instrument that has a maturity of more than one year. Long-term financial instruments are typically issued by governments, corporations, and financial institutions. They are used to raise capital for long-term projects or to finance operations.
Short-term financial instruments are debt instruments or equity instruments that have a maturity of one year or less. Short-term financial instruments are typically used to finance short-term needs, such as working capital or seasonal fluctuations in sales.
Intermediate-term financial instruments are debt instruments or equity instruments that have a maturity of one to five years. Intermediate-term financial instruments are typically used to finance medium-term projects or to bridge the gap between short-term and long-term financing.
Capital term is not a term used in financial markets.