ERM Glossary: Contractual maturity
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Contractual maturity refers to the
final payment date of a loan or other financial instrument, at which point all
the remaining outstanding principal will be repaid and interest is due to be
paid. For some loan types, especially those that are likely to be repaid early
in part or in full, it may be contrasted with expected maturity date which
might be taken as the average time to maturity bearing in mind expected
repayments.
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