Dictionary of Banking Terms: current maturity
current maturity
time interval from the present date to the maturity of a bond issue. Contrast with the original maturity, which is the time difference from the issue date to the scheduled maturity date.
Dictionary of Finance and Investment Terms: current maturity
current maturity
interval between the present time and the maturity date of a bond issue, as distinguished from original maturity, which is the time difference between the issue date and the maturity date. For example, in 2002 a bond issued in 2000 to mature in 2020 would have an original maturity of 20 years and a current maturity of 18 years.
