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Glossary Term: ISSUE DATE

Definition(s) for ISSUE DATE:


1. ) The first day of the month in which payment of the issue price is received by an authorized issuing agent. This means that the issue date is the first day of the month in which the bond is purchased. The issue date is inscribed in the upper right-hand corner of the bond. The issue date is the date used for determining when the bond is eligible for payment, the amount at which an accrual type bond is redeemed, the interest payment dates on current income savings bonds (such as H and HH), and the date the bond reaches final maturity and ceases earning interest.



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