Maturity Date

Business / Taxes / Maturity Date: A bond or other loan that must be repaid comes due on its maturity date. On that date, the full face value of the bond (and sometimes the final interest payment) must be paid in full to the bondholder. Certificates of deposit (CDs) also have maturity dates on which you may withdraw the principal and interest without penalty or roll over the money into a new CD. Other debt instruments, such as mortgage-backed securities, pay back their principal over the life of the debt, similar to the way a mortgage is amortized, or paid down. While these instruments also have a maturity date, that date is when the last installment payment of the loan as well as the last interest payment is due.

Other Words for Date

Date Noun Synonyms: time, year, season, period, day, age, era, epoch, stage, phase
Date Verb Synonyms: entertain, escort, go out (with), go steady (with)
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Other Words for Maturity

Maturity Verb Synonyms: adulthood, majority, full growth or development
Maturity Noun Synonyms: readiness, perfection, completion, fullness, consummation, operability, applicability, maturation
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Date Of Maturity

Business / Taxes / 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 mor MORE

Principal (Face Value Or Maturity Value)

Business / Accounting / Principal (Face Value Or Maturity Value): The amount that will be paid on a bond at a maturity date. The original amount of money invested, excluding any interest or dividends (e.g., $1,000 to purchase a Treasury bill). MORE

Original Maturity

Business / Finance / Original Maturity: Maturity at issue. For example, a five-year note has an original maturity of five years; one year later it has a maturity of four years. MORE

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