Definition:
The term "maturity" when used to refer to bonds, CD's, and other fixed income investments generally means one of two related things:
1. The actual date the bond or CD is "cashed out" by the issuer and an investor receives the face value of that bond or CD. For example, a bond might have a "maturity of June 1, 2025."
or,
2. The length of time until a fixed income investment returns its original investment at the date mentioned above. For example, someone might say that a bond has "a 5-year maturity."
Pronunciation: muh-chur-uh-tee
