Plain-English definitions, reviewed by an independent investor

Maturity

Maturity is the date a bond or loan must be repaid in full.

(The repayment date set at issue)

Why it matters

It sets the horizon of your fixed-income exposure.

Longer maturity usually means more rate sensitivity and often a higher yield.

Definitions reviewed by the Investing Glossary editorial team.

Short is steadier; long pays more but swings more with rates.

The issuer returns face value and the final coupon.