maturity date

[ muh-choor-i-tee deyt, -toor-, -tyoor-, -chur- ]

noun

, Finance

1. the date on which a financial instrument, as a bond or loan, expires and becomes due:

   The applicant requested an extension of his loan for an additional term of three years from its maturity date.

   Bonds pay interest to investors from the date of issue up until their maturity date.

Word History and Origins

Origin of maturity date¹

First recorded in 1970–75