What does Maturity Date mean? Read on to discover the definition & meaning of the term Maturity Date - to help you better understand the language used in insurance policies.
A maturity date is the exact time at which a financial obligation must be paid in full. In insurance, it is the time when the insurer pays the insured the money owed to them, as stipulated in the insurance contract.
We hope the you have a better understanding of the meaning of Maturity Date.