Maturity (finance)
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Maturity refers to the final payment date of a loan or other financial instrument, after which point no further interest or principal need be paid.
1, 3, 6 months maturity band can be calculated by using 30-day per month periods. For maturity bands over a year it is acceptable to use 365 day per year. For example if you possessed a Treasury Bond, it's maturity is the date on which the interest is paid.