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Date of maturity

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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.



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This means that they can be redeemed prior to the date of maturity.
In contrast, the revised survey asks banks to report the date of maturity for every loan having a stated maturity and to report separately whether the loan can be called and whether it has a prepayment penalty.
The notes bear an interest rate of eight percent and are convertible at any time until their date of maturity, or March 27, 2007.
 
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