Projected maturity date

Similar financial terms

Projected benefit obligation (PBO)
A measure of a pension plan's liability at the calculation date assuming that the plan is ongoing and will not terminate in the foreseeable future.

Term to maturity
The term to maturity of a bond, commonly referred to as maturity or term, is the number of years over which the issuer has promised to meet the conditions of the obligation set out in the bond indenture. The maturity of a bond refers to the date that the debt will cease to exist, at which time the issuer will redeem the bond by paying the principal (or face value).

Yield to maturity
The total yield on a bond obtained by equating the bond's current market value to the discounted cash flows promised by the bond. Also referred to as actuarial yield or just yield.

Weighted average remaining maturity
The average remaining term of the mortgages underlying a MBS.

Weighted average maturity
The Weighted average maturity (WAM) of a MBS is the weighted average of the remaining terms to maturity of the mortgages underlying the collateral pool at the date of issue, using as the weighting factor the balance of each of the mortgages as of the issue date.

Time to maturity
The time remaining until a financial contract expires. Also called time until expiration.

Stated maturity
For the CMO tranche, the date the last payment would occur at zero CPR.

Return-to-maturity expectations
A variant of pure expectations theory which suggests that the return that an investor will realize by rolling over short-term bonds to some investment horizon will be the same as holding a zero-coupon bond with a maturity that is the same as that investment horizon.

Remaining maturity
The length of time remaining until a bond's maturity.

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 spread
The spread between any two maturity sectors of the bond market.

Maturity phase
A phase of company development in which earnings continue to grow at the rate of the general economy.

Maturity factoring
Factoring arrangement that provides collection and insurance of accounts receivable.

Maturity
For a bond, the date on which the principal is required to be repaid. In an interest rate swap, the date that the swap stops accruing interest.

Balloon maturity
Any large principal payment due at maturity for a bond or loan with or without a a sinking fund requirement.

Current maturity
Current time to maturity on an outstanding debt instrument.

Expiry date
Maturity or expiration date of an option.

Announcement Date
The date on which a company makes it public that they will do a split.

Accounting reference date
The date to which accounts are made up for a company. When a company is incorporated, it will normally have an accounting reference date which is the last day of the month in which the anniversary of its incorporation falls. Directors can change the accounting reference date by filing an appropriate form with the Registrar of Companies.

Expiration date
The date on which an option expires, after which the option cannot be exercised.

Value date
In the market for eurodollar deposits and foreign exchange, value date refers to the delivery date of funds traded. Normally it is on spot transactions two days after a transaction is agreed upon and the future date in the case of a forward foreign exchange trade.

Trade date
In an interest rate swap, the date that the counterparties commit to the swap. Also, the date on which a trade occurs. Trades generally settle (are paid for) 1-5 business days after a trade date. With stocks, settlement is generally 3 business days after the trade.

Settlement date
The date on which payment is made to settle a trade. For stocks traded on US exchanges, settlement is currently 3 business days after the trade. For mutual funds, settlement usually occurs in the U.S.the day following the trade. In some regional markets, foreign shares may require months to settle.

Record date
(a) Date by which a shareholder must officially own shares in order to be entitled to a dividend. For example, a firm might declare a dividend on Nov 1, payable Dec 1 to holders of record Nov 15. Once a trade is executed an investor becomes the "owner of record" on settlement, which currently takes 5 business days for securities, and one business day for mutual funds. Stocks trade ex-dividend the fourth day before the record date, since the seller will still be the owner of record and is thu ...

Payment date
The date on which each shareholder of record will be sent a check for the declared dividend.

Notification date
The day the option is either exercised or expires.

Call date
A date before maturity, specified at issuance, when the issuer of a bond may retire part of the bond for a specified call price.