investing
maturity
The date on which a financial instrument's principal becomes due for payment.
Example
"The 10-year bond would reach maturity in 2030, at which point he would receive his principal back."
💡 Memory Tip
When fruit is MATURE, it's ready to pick. When a bond matures, it's ready to be collected.
Etymology
From Latin 'maturitas' meaning 'ripeness' — when an investment has fully 'ripened' and is ready to be collected.
Common Misspellings
maturtymaturietymaturirymatiurity