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ETN. A type of debt security, which combines features of an exchange traded fund and a bond. ETNs can be traded on an exchange such as the NYSE, but also can be held until their maturity date, like a bond. The amount of returns for an ETN is based upon the performance of a particular market index, and the value of an ETN is affected by many things including changes in the credit rating of the party that issued the ETN.

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