What is the financial term that represents the required date for repayment?

The term that represents the required date for repayment is referred to as the "Maturity Date." This is the specific date on which the principal amount of a financial obligation, such as a loan or bond, becomes due and is to be repaid in full. It is essential for borrowers and lenders alike to understand this date, as it marks the end of a lending agreement where the borrower must make their final payment.

Understanding the maturity date is important for financial planning and cash flow management. It influences how interest accrues during the term of the obligation and informs both parties about the timeline for the completion of the agreement.

In contrast to this, the other terms mentioned pertain to different aspects of financial transactions. The payment due date refers to the specific date a single payment must be made, typically within a billing cycle. The closing date often relates to the finalization of a purchase or loan agreement, while the billing cycle refers to the period within which recurring payments are generated. None of these terms specifically designate the point at which the total debt becomes due to be repaid like the maturity date does.