Just call us Bond. Amortized bond.
Over 700 finance terms, Shmooped to perfection.
What you gain with age (and something that seems to have eluded us here at Shmoop).
Also, the date when a debt becomes due for paying up.
You buy a $1,000 bond with a maturity date of May 5. You’re basically buying a little bit of a company's debt. So what happens on May 5? That's the date you’ll get your 1G back—and you’ll have the interest you've earned on the bond, too.