What does maturity date mean on bank account

This is called a discount bond.
Closing The time and place, at which all documents for your loan are signed, dated, and notarized.Clear title Titles that are marketable and are free of liens or disputed legal questions as to ownership of the property.(Announcement: first 'Kimchi Bonds' next month.Learn more about jumbo loans Back to top L Liabilities A persons debts or financial obligations.The borrower risks losing the asset if the loan is not repaid.Rather, the dealers earn revenue by means of the spread, or difference, between the price at which the dealer buys a bond from one investorthe "bid" priceand the price at which he or she sells the same bond to another investorthe "ask" or "offer" price.Yield to Maturity (or YTM) is the annualised rate of return that an investor earns on a fixed income instrument such as bond or debenture, if the investor purchases the bond today and holds it until maturity.Your Social Security number allows us to confirm your identity.Collection The efforts used to bring a delinquent loan current is flirt local free and, if necessary, to file legal papers and notices to proceed with foreclosure.A, abstract of title, a written history of all the transactions related to the title for a specific tract of land.Fico An acronym for Fair Isaac Corporation, which develops the mathematical formulas used to produce credit scores for assessing credit risk.If the borrower defaults, the lender can sell the collateral to satisfy the debt.While a balloon loan may lower your monthly payments it can also mean you make higher interest payments over the life of the loan.This is a popular use for a home equity line of credit.Prime Rate influence changes in other rates, including mortgage interest rates.Multi-family residence (2 to 4 units) A residential property with 2 to 4 individual housing units (duplex, triplex or quadplex).A manufactured home may or may not be a mobile home.Negative points indicate the amount to be credited at closing to reduce closing costs.Back to top O Option ARM A type of adjustable-rate mortgage (ARM) that offers the borrower a choice of 4 monthly payment options to help provide financial flexibility to manage payments in rising rate markets and take advantage of falling interest rates.We need your help!
This takes into account the current market price, and the amount and timing of all remaining coupon payments and of the repayment due on maturity.