ACCOUNT AGING Definition

ACCOUNT AGING usually refers to the methods of tracking past due accounts in accounts receivable based on the dates the charges were incurred. Account aging can also be used in accounts payable, to a lesser degree, to monitor payment history to suppliers. See also AGING OF ACCOUNTS.

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MATURITY is the date on which the last principal payment of a debt instrument becomes due and payable.

CPR is Constant Payment Rate, used to estimate the average life of mortgage-backed securities based on historical payments.

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