# Term Issuer Reservoir's Term Issuer enables users to exchange rUSD for fixed-term yield-bearing tokens trUSD of differing maturities. Governance will set debt caps and interest rates for the term-based token at different maturity dates throughout the year. The purchase will be discounted by the yield, and the user will be able to redeem 1:1 for rUSD at the maturity date. When issued, the user burns their rUSD and mints trUSD at the current discounted price and can expect to receive a rUSD balance equivalent to their trUSD balance upon maturity. See the diagram that shows how term-based tokens are made available and their maturity schedule [here](broken://pages/8VsBKKYzmSwMsiKV37zZ). --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.reservoir.xyz/protocol-architecture/term-issuer.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.