BizTerm Definition
Maturity date
Full Definition

(1) Date on which the principal amount of a note, draft, acceptance, bond or other debt instrument becomes due and payable. Also, termination or due date on which an installment loan must be paid on full. (2) The date when there is a change in principal due to repayments in part or in total. (3) An ISO term. The date agreed upon which a fixed loan/deposit matures.

Previous Biz Term Next Biz Term