Date of maturity
Also found in: Dictionary
Related to Date of maturity: maturities
The date on which the issuer
of a debt instrument
in total. For example, a bond
with a period of 10 years has a maturity date 10 years after its issue. The maturity date also indicates the period of time during which the lender
will receive interest
payments. It is important to note that, despite the existence of a maturity date, many debt securities
and the issuer may redeem
them before the maturity date under some circumstances.
Date of maturity.
The date of maturity, or maturity date, is the day on which a bond's term ends, and its issuer repays the principal and makes the final interest payment.
When the phrase is used in connection with mortgages or other personal loans, the date of maturity is the day your last payment is due and your debt is repaid.