maturity date: meaning, definition, pronunciation and examples
C1+Formal, Financial/Technical
Quick answer
What does “maturity date” mean?
The specific date on which a financial instrument (like a bond, certificate of deposit, or loan) becomes due for repayment of its principal amount.
Audio
Pronunciation
Definition
Meaning and Definition
The specific date on which a financial instrument (like a bond, certificate of deposit, or loan) becomes due for repayment of its principal amount.
The predetermined point in time when an obligation or agreement terminates, requiring final settlement or performance. It marks the end of the term or lifespan of a contractual financial arrangement.
Dialectal Variation
British vs American Usage
Differences
No significant difference in meaning or usage. The term is identical in both financial lexicons.
Connotations
Neutral financial/legal term. Implies finality and obligation.
Frequency
Equally frequent and standard in both UK and US professional finance contexts.
Grammar
How to Use “maturity date” in a Sentence
The [financial instrument] has a maturity date of [date].The maturity date for the [instrument] is [date].[Instrument] matures on [date] (verb form).Vocabulary
Collocations
Examples
Examples of “maturity date” in a Sentence
verb
British English
- The bond is scheduled to mature on the 15th of July, 2025.
- These savings certificates will mature next quarter.
American English
- The CD matures in six months.
- The loan is set to mature before the end of the fiscal year.
adverb
British English
- The payment will be made maturity.
- (Note: 'maturity' is rarely used as an adverb; 'at maturity' is the standard prepositional phrase)
American English
- The note pays interest semi-annually and at maturity.
- (See note for British)
adjective
British English
- The maturity value of the policy was clearly stated.
- We are reviewing our maturity liabilities.
American English
- The maturity amount is $10,000.
- The fund focuses on maturity-matching strategies.
Usage
Meaning in Context
Business
Critical in bond markets, lending agreements, and investment planning. 'We must refinance before the bond's maturity date.'
Academic
Used in finance, economics, and law papers analyzing time value of money and contract structures.
Everyday
Rare. Might be used when discussing personal fixed-term deposits or loan agreements.
Technical
Precise term in financial contracts, regulatory filings, and risk management software.
Vocabulary
Synonyms of “maturity date”
Vocabulary
Antonyms of “maturity date”
Watch out
Common Mistakes When Using “maturity date”
- Using 'maturity' alone to mean the date (e.g., 'The maturity is in June.' – Ambiguous). Confusing with 'manufacturing date' or 'expiry date' for consumable goods.
FAQ
Frequently Asked Questions
No. For a credit card, 'expiry date' refers to when the physical card becomes invalid. 'Maturity date' is not used. For financial instruments, they are often synonymous.
Typically, it is fixed at issuance. However, through processes like refinancing, restructuring, or with certain callable/puttable features, the effective date of final repayment can be altered.
You will usually incur an early withdrawal penalty, receive a lower interest rate, or may not be able to withdraw at all, depending on the terms of the instrument.
Not in standard English. While a person 'reaches maturity', we do not refer to a person's 'maturity date'. The term is strictly financial/contractual.
The specific date on which a financial instrument (like a bond, certificate of deposit, or loan) becomes due for repayment of its principal amount.
Maturity date is usually formal, financial/technical in register.
Maturity date: in British English it is pronounced /məˈtʃʊər.ə.ti ˌdeɪt/, and in American English it is pronounced /məˈtʃʊr.ə.t̬i ˌdeɪt/. Tap the audio buttons above to hear it.
Phrases
Idioms & Phrases
- “The clock is ticking to maturity.”
- “Come to maturity.”
Learning
Memory Aids
Mnemonic
Think of a fruit reaching full ripeness (maturity) on a specific day marked on the calendar (date) – that's when it must be 'picked' or paid back.
Conceptual Metaphor
FINANCIAL INSTRUMENTS ARE LIVING ENTITIES (they are 'issued', have a 'life', and reach 'maturity'). TIME IS A PATH (with a clear endpoint).
Practice
Quiz
In which of the following contexts is 'maturity date' LEAST likely to be used?