Maturity date

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Maturity date is a finance term referring to the a date when a principal amount of a note, draft, acceptance bond, or other debt instrument becomes due or payable. Also termination or due date on which an installment loan must be paid in full. For example, a bond due to maturity on January 1, 2010, will return the bondholder's principal and final interest payment when it reaches its maturity date.

A serial maturity is when bonds are all issued at the same time but come due on different staggered redemption dates. A series maturity is when bonds come due on different dates staggared apart because they were issued at different times. A term maturity date is when all bonds issued come due at the same time.

 

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