Dictionary of Banking Terms: maturity date
maturity date
date on which the principal balance of a loan, debt instrument or other financial security is due and payable to the holder. Also, the date on which a time draft is payable.
Dictionary of Business Terms: maturity date
maturity date
time at which life insurance death proceeds or endowments are paid, either at the death of an insured or at the end of the endowment period.
Dictionary of Finance and Investment Terms: maturity date
maturity date
- date on which the principal amount of a note, draft, acceptance bond, or other debt instrument becomes due and payable. Also termination or due date on which an installment loan must be paid in full.
- in factoring, average due date of factored receivables, when the factor remits to the seller for receivables sold each month.
Dictionary of Insurance Terms: maturity date
maturity date
time at which life insurance death proceeds or endowments are paid, either at the death of an insured or at the end of the endowment period.
