maturity at issue (original maturity)

What is maturity at issue (original maturity)?

maturity at issue (original maturity) definition and meaning on Finance terms:
The period of life of a financial instrument that is fixed at the time it is issued. A redemption of that financial instrument is not possible before that period has expired (in the case of debt securities, for instance) or is possible earlier only if some form of penalty is paid (in the case of some types of deposit). Financial instruments are classified according to the period of notice only when there is no agreed maturity. <

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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