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Simple English definitions for legal terms
at maturity
Read a random definition: angary
A quick definition of at maturity:
At maturity: This term refers to the date when a debt or financial obligation becomes due. For example, if you borrow money and agree to pay it back in one year, the date when you must make the final payment is the maturity date. It's like a deadline for paying back what you owe.
A more thorough explanation:
Definition: At maturity refers to the date when a debt or financial instrument becomes due for payment.
Example: If you have a bond that matures in 10 years, the at maturity date would be 10 years from the date of purchase. On that date, the bond issuer is obligated to pay the bondholder the full principal amount.
This example illustrates that at maturity refers to the date when a financial instrument, such as a bond, becomes due for payment. It is important for investors to keep track of the at maturity date to ensure they receive their full payment.