Related Words

Original Maturity: Maturity at issue. For example, a five-year note has an original maturity of five years; one year later it has a maturity of four years.

Original Sin: A theological doctrine arguing that all humans at the moment of conception inherit collective responsibility and guilt for the sins of Adam and Eve along with an innate tendency towards evil . . . View Full Definition

Principal (Face Value Or Maturity Value): The amount that will be paid on a bond at a maturity date. The original amount of money invested, excluding any interest or dividends (e.g., $1,000 to purchase a Treasury bill).

Original Margin: The margin needed to cover a specific new position. Related: Margin, security deposit (initial).

Original Issue Discount Debt (OID Debt): Debt that is initially offered at a price below par.

Original Face Value: The principal amount of a mortgage as of its issue date.

Original Horizontality: One of the principles of relative dating. Based upon the good assumption that sedimentary rocks are deposited in horizontal or nearly horizontal layers: then if sedimentary layers are found . . . View Full Definition

Original Issue Discount: A bond or other debt security that is issued at less than par but can be redeemed for full par value at maturity is an original issue discount security. The appeal, from an investor's perspe . . . View Full Definition

Projected Maturity Date: With CMOs, the date at the end of the estimated cash flow window where final payment is made.

Remaining Maturity: The length of time remaining until a bond comes due