Date of maturity

Maturity Date

The date on which the issuer of a debt instrument must repay the principal 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 or bondholder will receive interest payments. It is important to note that, despite the existence of a maturity date, many debt securities are callable and the issuer may redeem them before the maturity date under some circumstances.

Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.