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Original maturity

• Maturity at issue. For example, a five year note has an original maturity of 5 years; one year later it has a maturity of 4 years.

• Maturity at issue. For example, a 5-year note has an original maturity at issue of five years; one year later, it has a current maturity of four years.

 
 Embedded terms in definition
 Current maturity
Issue
Maturity
Note
 
 Related Terms
 

<< Original margin Origination >>

Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

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