# Maturity

*Markets & Instruments — Finicade finance glossary*

The date a bond or loan comes due and the principal is repaid. Longer maturities usually pay more — but their prices swing more when interest rates move, a sensitivity measured by duration.

**Related terms:** [Bond](https://finicade.com/glossary/bond), [Duration](https://finicade.com/glossary/duration), [Coupon](https://finicade.com/glossary/coupon), [Yield Curve](https://finicade.com/glossary/yield-curve)

**Taught in:** Charter Climb — Fixed Income: The Basics

Source: https://finicade.com/glossary/maturity