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.
Date Verb Synonyms: entertain, escort, go out (with), go steady (with)
Date Noun Synonyms: time, year, season, period, day, age, era, epoch, stage, phase
Maturity Verb Synonyms: adulthood, majority, full growth or development
Maturity Noun Synonyms: readiness, perfection, completion, fullness, consummation, operability, applicability, maturation
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
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