Markets · 6 pages · 12 min

How maturity dates a promise

Maturity is the date a bond's issuer is scheduled to repay the face amount and end the contract.

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From the opening

Maturity is the calendar date on which a bond's issuer is supposed to repay the face amount and bring the contract to an end. Coupons, if any, are scheduled along the way, but the date names when the principal promise itself comes due. The opening covers the date ends the contract, coupons arrive before that day, and a longer date waits longer.

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Inside

The date ends the contract
Coupons arrive before that day
A longer date waits longer
A call can come earlier
Where the idea stops applying
A distinction worth keeping

Sources

Bond maturity date
Perpetual bond or consol

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How maturity dates a promise

From the opening

Inside

Sources

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