maturity date

The maturity date is the specific day when a financial agreement, such as a loan or bond, reaches its full term and must be paid off in full. It marks the endpoint at which the borrower is expected to repay the principal amount, often along with any remaining interest. Think of it as the deadline for settling the debt. Knowing the maturity date helps both parties plan their finances, whether it's for repayment, investment returns, or reinvestment strategies. It’s an important date that indicates when the financial obligation is due in its entirety.