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original maturity

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Financial Dictionary

original maturity

The period between a security's maturity date and issue date. A bond issued 15 years ago that has an additional 10 years to maturity had an original maturity of 25 years. See also current maturity.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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