What is meant by maturity, and what does the report recommend on the matter?
Maturity means the date by which an issuer (company, municipality, or government agency that issues fixed-income securities, such as bonds or money market instruments) promises to repay a security’s face value. The report recommends reducing the current dollar-weighted average maturity limitation for money market funds from 90 days to 75 days and establishing a new calculation that will further tighten maturities.
