The amount due (face value + interest) at the maturity date or due date of a note.
The amount of money to be paid, or paid out, at the end of a policy or loan.
The total value of a loan, including principal plus all accumulated interest, or the total value of a timed deposit account, including the opening deposit and all accumulated interest.
The proceeds payable on an endowment contract at the end of the specified endowment period, or payable on an ordinary life contract at the last age of the mortality table if the insured is still living at that age. Maturity value of a policy is the same as the face amount of the policy and is equal to the reserve value of the contract on this maturity date. Actual amount payable by the company may be increased by dividend additions or accumulated dividend deposits, or decreased by outstanding loans.
The (usually projected) value of an intangible asset on the date it becomes due.
The amount payable under a whole life insurance policy if the insured person lives to the last age on the mortality table on which the values of the contract were based.
The amount of cash to be paid by the maker to the payee on the maturity date of a promissory note. Net pay The amount of an employee's paycheck after deductions.
The amount payable to the insured at the maturity date of an endowment policy.
The amount payable to a living insured at the end of an endowment period or to the owner of a Whole Life policy if he lives past a certain age.
The amount of an obligation to be collected or paid at maturity; equal to principal plus any interest.