Word Finder - maturities

definition

The state of being mature, ready or ripe.

example

Some foods and drinks, like wine, only reach their full taste at maturity, which literally comes at a price

definition

When bodily growth has completed and/or reproduction can begin.

definition

The state of a debt obligation at the end of the term of maturation thereof, once all interest and any applicable fees have accrued to the principal.

definition

Date when payment is due.

example

The note was cashed at maturity.

As many as sixteen English banks submit each of the interest rates they would charge other banks to borrow money for maturities from overnight to 12 months.

The government resolved this problem by issuing short-term maturities and paying back the long-term bonds.

This process is then repeated 150 times for each of the 15 maturities and the 10 currencies the rate is quoted in.

The maturities range from overnight rates to 12-month rates.

However, some adjustable rate mortgages are based on shorter maturities such as the 1-month and 3-month rate or the longer 1-year rate.

After determining the various rates for the various maturities, the BBA compiles the rates into a chart format - the LIBOR chart.

All maturities of the current and historical LIBOR rates can always be found on the BBA website.