'Maturity' refers to the final payment
date of a
loan or other
financial instrument, at which point all remaining
interest and is due to be paid.
1, 3, 6 months maturity band can be calculated by using 30-day per month periods. For maturity bands over a year it is acceptable to use 365 day per year.
For example with a Treasury Bond, its maturity is the date on which the principal is paid.