Maturity Date Definition: What It Means for Bonds & Loans
Warren Team
Continue learning
Related articles
- Weighted Average Maturity (WAM): Definition, Formula, and Why It Matters for Bond Investors
- What Does It Mean to Be Bonded? Business Bonds Explained
- Accrued Interest: What It Is, How to Calculate It, and Why It Matters for Bond Investors
- Subordinated Bonds: What They Are and How They Work in the Capital Stack
Compare side by side
Key terms
- BondA fixed-income investment where an investor loans money to an entity (government or corporation) that borrows the funds for a defined period at a fixed interest rate.
- Due DateThe date by which the minimum payment must be received to avoid late fees and maintain grace period. Typically 21-25 days after statement closing date, as required by law.
- Statement Closing DateThe last day of the billing cycle when your statement is generated. Charges after this date appear on the next statement. Payment is typically due 21-25 days after closing.
- Grace Period (Student Loans)A set period of time after you graduate, leave school, or drop below half-time enrollment during which you are not required to make payments on your federal student loans. For most federal student loans, the grace period is six months, giving you time to find employment and get financially settled. Interest continues to accrue on unsubsidized loans during the grace period, so making payments early can save you money.
Get your first personalized plan in minutes
Free to start, no credit card required. Warren reads your accounts, it never moves money.