Maturity

Definition

  • The date on which the principal balance of a loan becomes due and payable. It also marks the date when a bond pays off its principal.

Synonyms
full development, fruitful, mature, due, perfected condition

Related Terms and Acronyms

  • Bond Definition,
    • A certificate of debt issued by a government or corporation guaranteeing payment of the original investment plus interest by a specified future date.
  • Early Withdrawal Penalty Definition,
    • A depositor forfeits interest or is charged a service fee for either withdrawing funds or closing a time deposit before the maturity date.
  • Interest Adjustment Date Definition,
    • The date one month prior to the beginning of amortization when accrued interest computed on the monies advanced becomes due.
  • Maturity Guarantee Definition,
    • A guarantee that after a certain date a contract, such as a life insurance policy or annuity, will have a minimum dollar value.
  • Origination Date Definition,
    • The date on which a loan is funded.
  • Treasury Bills Definition,
    • Short-term government obligations that are payable to the bearer and sold on a discount basis; the difference between a T-bill's market or discounted price and its face or redemption value is effectively interest if the T-bill is held to maturity.
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