™For a $1,000 bond, even a small change connected to maturity can affect income, market value or sensitivity to rates.
Bonds & Rates
Maturity
The date on which a bond’s principal is scheduled to be repaid, subject to issuer terms and credit risk.
Plain-English context
Why it matters
Fixed-income terms connect promised cash flows with interest-rate, credit and purchasing-power risk.
Assuming Maturity has one universal interpretation without checking the source, rules, timeframe or methodology.
Use current definitions. Product terms, tax treatment and market rules can change. Confirm important details with official disclosures, regulators and regulated providers.