Time to Maturity is a term that applies to a bond.
A transaction's or financial instrument's maturity is the point at which its existence ends, after which it...
In order to attract new investors, financial institutions occasionally change maturity dates for a brief period of time. A bank may provide a greater rate of return for a short-term certificate of deposit (CD) while offering promotional CDs. The promotional CD will often renew at the speed and terms specified when it reaches maturity.
Maturity is the agreed-upon time when the investment finishes, frequently leading to the payback of the investment.
Despite being used for deposits, currencies, interest rate and commodity swaps, options, loans, and other transactions, it is most frequently used in reference to bonds.
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