The date on which the principal amount of a note, draft, acceptance bond or other debt instrument becomes due and is repaid to the investor and interest payments stop. It is also the termination or due date on which an installment loan must be paid in full.
Investopedia Says:
The maturity date tells you when to expect to get your principal back and how long to expect to receive interest payments. However, it is important to note that some debt instruments, such as fixed-income securities, are "callable", which means that the issuer of the debt is able to pay back the principal at any time. Thus, investors should inquire, before buying any fixed-income securities, whether the bond is callable or not.
Related Links:
Find out more about these dangerous and exciting cousins to regular bonds. Callable Bonds: Leading A Double Life
Investing in bonds - What are they, and do they belong in your portfolio? Bond Basics Tutorial
Don't be fooled by the name - junk bonds may be for you if you know how to analyze them. Junk Bonds: Everything You Need to Know




