Sentences with phrase «holders after the maturity date»
As long as all due payments have been made, the issuer has no further obligations to the bond holders after the maturity date.
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A contract provision which allows the segregated fund contract holder to lock in the current market value of the fund and set a new maturity date 10 years after the reset date.
All contracts have a maturity date, which is the date at which the maturity guarantee is available to the contract holder — usually after 10 years.
After the date of maturity, all death claim benefits cease to exist and the policy holder is paid the agreed sum assured along with vested bonus.