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Definition of Maturity Date
date on which a debt is due for payment.
The date when the issuer returns the final face value of a bond
With CMOs, final payment at the end of the estimated cash flow window.
A financial asset taking the form of a promise by a borrower to repay a specified amount (the bond's face value) on a maturity date and to make fixed periodic interest payments.
Fixed interest security issued by a corporation or government, having a specific maturity date.
a. An option to buy a certain quantity of a stock or commodity for a
An option contract that gives its holder the right (but not the obligation) to purchase a specified
Also called a time deposit, this is a certificate issued by a bank or thrift that
The curve of discount rates vs. maturity dates for bonds.
Life insurance payable to the policyholder, if living on the maturity date stated in the policy, or to a beneficiary if the insured dies before that date. For example, some Term to age 100 policies offer the option of taking the face amount of the policy as a cash payout at age 100 if the policyholder is still alive and paying all required income taxes on the amount received or leaving the policy to pay out upon death whereupon the payout is tax free.
Interest-rate option that guarantees that the rate on a floating-rate
A pure investment product in which a life company agrees, for a
The expected volatility in a stock's return derived from its option price, maturity date,
Provision of a bond indenture that governs the issuer's ability to call the
Also called the maturity value or face value, the amount that the issuer agrees to pay at the maturity date.
Extending the maturity date or increasing the amount of existing debt or both. Also, revising a payment schedule, usually to reduce the monthly payments and often to modify interest charges.
For options, a combination of call or put options on the same stock
The relationship between the yields on fixed-interest
A closed-end fund that has a fixed termination or maturity date.
Yield to maturity
The percentage rate of return paid on a bond, note or other fixed income security if you
A bond in which no periodic coupon is paid over the life of the contract. Instead, both the
Zero curve, zero-coupon yield curve
A yield curve for zero-coupon bonds;
date on which particular news concerning a given company is announced to the public.
The average time to maturity of securities held by a mutual fund. Changes in interest rates
Any large principal payment due at maturity for a bond or loan with or without a a sinking
A date before maturity, specified at issuance, when the issuer of a bond may retire part of the bond
Consolidated Omnibus Budget Reconciliation Act (COBRA)
A federal Act
The dates when the coupons are paid. Typically a bond pays
Current time to maturity on an outstanding debt instrument.
Date of payment
date dividend checks are mailed.
Date of record
date on which holders of record in a firm's stock ledger are designated as the recipients of
Treating cash flows as being received on exact dates - date 0, date 1, and so forth - as
The date on which a firm's directors meet and announce the date and amount of the next
The date on which the board of directors has declared a dividend.
In an interest rate swap, the date the swap begins accruing interest.
The first day of trading when the seller, rather than the buyer, of a stock will be entitled to
date that determines whether a stockholder is entitled to a dividend payment; anyone holding stock before this date is entitled to a dividend.
The date on which a share of common stock begins trading ex-rights.
The last day (in the case of American-style) or the only day (in the case of European-style)
The day on which the first option either expires or is extended.
In the Euromarket the standard periods for which Euros are traded (1 month out to a year out) are
A debt security for which the investing entity has both the positive
The date on which holders of record in a firm's stock ledger are designated as the
Usually the date when goods are shipped. Payment dates are set relative to the invoice date.
The date a security is first offered for sale. That date usually
date on which a policy is approved.
For a bond, the date on which the principal is required to be repaid. In an interest rate swap, the
The date or the number of days until a security is due to be paid or
Time at which a bond can be redeemed for its face value.
The time when a policy or annuity reaches the end of its span.
Factoring arrangement that provides collection and insurance of accounts receivable.
A phase of company development in which earnings continue to grow at the rate of the
Extra average return from investing in longversus short-term Treasury securities.
The spread between any two maturity sectors of the bond market.
Related: par value.
The day the option is either exercised or expires.
maturity at issue. For example, a five year note has an original maturity of 5 years; one
The date on which each shareholder of record will be sent a check for the declared dividend.
The date established for the payment of a declared dividend.
date on which the insurance company assumes responsibilities for the obligations outlined in a policy.
1) date by which a shareholder must officially own shares in order to be entitled to a dividend.
The date used to decide which shareholders will receive the dividend. The owners of the shares at the end of this day are entitled to the dividend.
The length of time remaining until a bond's maturity.
A variant of pure expectations theory which suggests that the return that an
The date on which payment is made to settle a trade. For stocks traded on US exchanges,
The date when money first changes hands; i.e., when a buyer
For the CMO tranche, the date the last payment would occur at zero CPR.
Term to maturity
The time remaining on a bond's life, or the date on which the debt will cease to exist and
Term to Maturity
Period of time from the present to the redemption date of a bond.
Time to maturity
The time remaining until a financial contract expires. Also called time until expiration.
In an interest rate swap, the date that the counterparties commit to the swap. Also, the date on
date on which valuation occurs.
In the market for Eurodollar deposits and foreign exchange, value date refers to the delivery date
Weighted average maturity
The WAM of a MBS is the weighted average of the remaining terms to maturity
Weighted average remaining maturity
The average remaining term of the mortgages underlying a MBS.
Yield to Maturity
The measure of the average rate of return that will be earned on a
Yield to maturity
A measure of the average rate of return that will be earned
yield to maturity
Interest rate for which the present value of the bond’s payments equals the price.
A contract that gives the holder the right to buy an asset for a
An obligation having a maturity of more than one year from the date it was issued. Also
A contract that gives the holder the right to sell an asset for a
Sometimes called seg funds, segregated funds are the life insurance industry equivalent to a mutual fund with some differences.The term "Mutual Fund" is often used generically, to cover a wide variety of funds where the investment capital from a large number of investors is "pooled" together and invested into specific stocks, bonds, mortgages, etc.
The value of a bond at maturity, typically its par value, or the value of an asset (or an entire
Yield to call
The percentage rate of a bond or note, if you were to buy and hold the security until the call date.
Yield to worst
The bond yield computed by using the lower of either the yield to maturity or the yield to call
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