Maturity Date
The date a debt instrument such as a note, draft or bond becomes due, as quoted on its certificate. It can also refer to the expiration date of futures and options contracts or the date an instalment loan must be fully repaid.
Related terms
Value Date
The date on which counterparts to a financial transaction agree to settle their respective obligations; the date a transaction’s value goes into effect. It is also commonly called the maturity date.
Read full definitionExpiration Date
The last day a derivatives contract, such as an option or future, is valid. Before or on this day, traders decide what to do with their position.
Read full definitionTenor
The length of time until a contract expires or matures. Common tenors include spot (immediate), overnight, one week, one month, three months, six months and one year.
Read full definitionMore in General
Working Capital
The cash a business has tied up in day-to-day operations, broadly its current assets minus current liabilities. Healthy working capital lets a company pay suppliers and staff while waiting on customer payments.
Read full definitionEmerging Markets
Economies that are developing toward advanced-market status, often offering higher growth alongside greater currency, political and liquidity risk. Trading with them frequently calls for tailored FX and payment solutions.
Read full definitionAnnual General Meeting (AGM)
A formal, legally mandated gathering where a company’s shareholders meet with the board of directors and executives once a year to discuss financial performance and strategic direction. Publicly listed companies must hold AGMs to comply with corporate governance laws, while rules for private companies vary by jurisdiction.
Read full definitionAsset
An economic resource that individuals, companies and other organisations can own or control to generate profit or future benefit. In FX the term frequently refers to a currency or currency pair, and assets also underpin the pricing of derivative products such as CFDs and options.
Read full definitionBasis Point (bps)
A unit of measurement equal to 1/100th of 1%, or 0.01%, pronounced ‘bips’. Basis points are commonly used to describe small movements in interest rates, bond yields and exchange rates.
Read full definitionCapital Gains
The profit earned from selling an asset, such as stocks, bonds or real estate, for more than its purchase price. Capital gains are taxable and classified as short-term or long-term depending on the holding period.
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