maturity date
nounUK /məˈtʃʊərəti deɪt/
US /məˈtʃʊrəti deɪt/
The day when something is fully grown or ready to be paid back.
The savings bond reaches its maturity date in five years.
RELATED WORDS
OTHER MEANINGS
2. The day a financial product, like a bond or deposit, becomes payable.
On the maturity date, the bank returned the full amount to the customer.
3. The date when a legal agreement or contract ends.
The lease's maturity date is next December.
4. The time when a person or thing reaches full development.
The maturity date of the young tree's fruit came in late summer.