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What is a Maturity Date of a Note? - Definition | Meaning | Example - Richmond singles
A maturity date is the last day of a mortgage term. On or before the maturity date, the mortgage must either be renewed, paid in full or refinanced. On July 1, Mr.
In finance, maturity or maturity date refers to the final payment date of a loan or other financial instrument , at which point the principal and all remaining interest is due to be paid. The term fixed maturity is applicable to any form of financial instrument under which the loan is due to be repaid on a fixed date. This includes fixed interest and variable rate loans or debt instruments, whatever they are called, and other forms of security such as redeemable preference shares, provided their terms of issue specify a date.
A final maturity date is the date upon which all principal and interest must be repaid. Any debt instrument is made of interest and principal components which an issuer is implicitly obligated to repay.