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Maturity Date
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For life insurance policies, the maturity date is the end of the contract term.
Maturity date refers to the date when a principal amount of a note, draft, acceptance Bond, or other Debt instrument becomes due or payable. It is also a termination or due date on which an installment loan must be paid back. For example, maturity date of a Bond is 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 staggered 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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Privatebanking.com
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