“到期 (Dàoqī)” is a Chinese term that translates to "expiration" or "maturity." It refers to the point in time when a contract, agreement, or financial instrument reaches its end date. At this moment, the obligations or rights specified in the document must be fulfilled or settled. In finance, “到期 (Dàoqī)” is commonly used in relation to bonds and loans. For example, when a bond reaches its maturity date, the issuer must repay the principal amount to the bondholder. Understanding this concept is crucial for managing investments and financial planning effectively.