extend the maturity date

USAGE SUMMARY

The phrase "extend the maturity date" is correct and usable in written English.
It can be used in financial contexts, particularly when discussing loans, bonds, or contracts that have a specified end date. Example: "Due to unforeseen circumstances, we need to extend the maturity date of the loan to provide more time for repayment."

✓ Grammatically correct

News & Media

Formal & Business

Science

Human-verified examples from authoritative sources

Exact Expressions

2 human-written examples

The company said it was negotiating with the banks to extend the maturity date on about $150 million in loans due on May 31.

The New York Times

After the economy plummeted, Mr. Trump exhibited similar gall in suing a consortium led by Deutsche Bank as he sought to force it to extend the maturity date of a key construction loan.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

58 human-written examples

The agreements with Warnaco's creditors will extend the maturity dates of its $500 million trade credit and $600 million bridge loan until August 2002.

The New York Times

Creditor banks also agreed to extend the maturity dates of commercial paper and corporate bonds of the troubled Hyundai Engineering and Construction unit, Mr. Kim said.

The New York Times

Comstock, a home developer based in Reston, Va., said it made a $5 million principal curtailment on its unsecured line of credit with the bank, and entered agreements to extend the maturity dates and repayment requirements of all remaining outstanding Bank of America loans.

The New York Times

Increasingly, borrowers also seek her aid in modifying loan terms (for example, decreasing the principal payments and extending the maturity date) to cope with setbacks.

The New York Times

Of course, a company may not be able to extend the maturity phase indefinitely.

Harvard Business Review

"If the maturity date of all official sector debt was extended by 20 years, the market would know that it could lend for up to 19 years without fear of competing with official sector credits for payment," Mr. Buchheit said.

The New York Times

Russian officials were preparing for talks in Moscow on Wednesday with the Cypriot finance minister, Michalis Sarris, who was expected to request that Russia postpone the maturity date on a 2.5 billion euro loan that it extended to Cyprus in 2011.

The New York Times

Proceeds from the de benture issue will be used to reduce part of that loan; the maturity date for the bal ance of $52.5‐million has been extended from Jan . 1 , 1971to Jan . 1 , 1972neatly reducing the company's short‐term debt — payments due in less than one year— from a heavy $84.2‐million to a modest $1.7‐million).

The New York Times

(c) The maturity date or if serial, the plan of serial maturities.

Cornell University

Expert writing Tips

Best practice

When negotiating financial agreements, ensure that any agreement to "extend the maturity date" is documented clearly and signed by all parties to avoid future disputes.

Common error

Avoid using "extend the maturity date" when you actually mean to refinance the loan or alter other terms beyond the final payment date. Make sure you are specifically addressing the deadline and not other aspects of the agreement.

Linguistic Context

The phrase "extend the maturity date" primarily functions as a verb phrase within a sentence. It describes the action of prolonging the period until a financial obligation becomes due. As shown by Ludwig, the phrase is commonly used in financial and legal contexts to describe the modification of loan or bond terms.

Expression frequency: Common

Frequent in

News & Media

40%

Formal & Business

30%

Science

15%

Less common in

Encyclopedias

5%

Wiki

5%

Academia

5%

Ludwig's WRAP-UP

The phrase "extend the maturity date" is a grammatically correct and common expression primarily used in financial and legal contexts. As Ludwig AI confirms, it refers to the act of prolonging the due date of a financial obligation, such as a loan or bond. The phrase maintains a professional register and is frequently found in news articles, business reports, and legal documents. While alternatives like "prolong the due date" or "postpone the deadline" exist, the specific choice depends on the nuance and formality required. When using this phrase, ensure that all parties are in agreement and that any changes are clearly documented.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

prolong the due date

This alternative uses "prolong" instead of "extend", suggesting a lengthening of the time until payment is due.

postpone the deadline

This option uses "postpone" and "deadline", indicating a deferral of the final date for completion or payment.

defer the payment date

This alternative focuses specifically on the payment aspect, using "defer" to indicate a delay in the payment schedule.

reschedule the maturity

Using "reschedule" suggests a formal change in the established timeline for maturity.

grant a maturity extension

This option phrases the action as granting an extension, shifting the focus to the act of providing more time.

delay the date of maturity

A more literal substitution, using "delay" to express the act of postponing the maturity.

revise the maturity timeline

This option highlights a change in the overall schedule, using "revise" to suggest an alteration of the original plan.

lengthen the maturity period

This alternative emphasizes the duration of the maturity, using "lengthen" to indicate an increase in time.

push back the maturity date

This phrases the action more casually as "push back", indicating a less formal delay.

adjust the final payment date

This option focuses on the final payment and uses "adjust" to suggest a modification of the date.

FAQs

How is "extend the maturity date" used in financial contexts?

In finance, "extend the maturity date" refers to postponing the date on which the principal of a loan, bond, or other financial instrument becomes due and payable. This is often done to provide the borrower with more time to repay the debt or to avoid default.

What are some alternatives to "extend the maturity date"?

You can use alternatives such as "prolong the due date", "postpone the deadline", or "defer the payment date" depending on the specific context and the desired level of formality.

What's the difference between refinancing and extending the maturity date?

Refinancing involves taking out a new loan to replace an existing one, often with different terms. "Extend the maturity date" simply pushes back the final payment date of the existing loan, without necessarily changing other terms such as the interest rate.

Why would a lender agree to "extend the maturity date"?

A lender might agree to "extend the maturity date" if they believe it increases the likelihood of eventual repayment. This could be preferable to the borrower defaulting, which would result in a loss for the lender.