The maturity date of a note is
A)the period of time from the note's issue date to its due date.
B)the day the note must be repaid.
C)at the company's year end.
D)when adjusting journal entries are made.

Question

Quizplus · Accepted Answer

The maturity date of a note is the day the note must be repaid. This is the specific date when the borrower is obligated to pay back the principal amount of the note, along with any accrued interest.

The Maturity Date of a Note Is