FINAL MATURITY

final maturity: translation

The maturity date of the single loan in a pool of mortgage loans that has the maturity date furthest in the future. Because mortgage loans tend to be repaid sooner than their contractual maturity dates, the actual final payment is likely to occur earlier than the final maturity date. American Banker Glossary

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Repayment in full of a debt security, investment trust or a preferred stock issue, at stated maturity. Euroclear Clearing and Settlement glossary