maturity

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maturity

n. 1) the date when the payment of the principal amount owed under the terms of a promissory note or bill of exchange becomes due. Quite often a note states that failure to pay interest or installment payments when due "accelerates" the note, making the "maturity date" immediate if such payments are demanded and not paid. 2) the age when one becomes an adult, which is 18 for most purposes. (See: promissory note, bill of exchange, acceleration, legal age)

maturity

noun adulthood, completion, culmination, due date, evolution, falling due, full age, full development, full growth, majority, maturitas, perfected condition, perfection, preparedness, readiness
Associated concepts: maturity of a debt, maturity of an obliiation
See also: age, discretion, experience, finality, majority

MATURITY. The time when a bill or note becomes due. In order to bind the endorsers such note or bill must be protested, when not paid, on the last day of grace. See Days of grace.

References in periodicals archive ?
telecom sector has the largest amount of leveraged loans coming due rated between 2008 and 2010 - $69.
The bills for this pension-boosting extravagance, unheard of in the private sector, are now coming due and at the same time government officials at all levels are looking to cut services to the public while squeezing more tax dollars from that same public.
For example, in the beginning of 2003, AFC secured interim financing for a suburban Boston hotel property which had only been open 10 months, but whose construction loan was coming due with no extension opportunities.
Liquidity is manageable with BRL800 million of debt falling due in the next 12 months and BRL583 million coming due in 2008.
TV had a 64 million euro ($64 million) loan coming due at year's end, but obtained an extension from its lenders over the weekend.
The building has a $13 million balloon mortgage that is coming due in March 1997 but the lender, Jamaica Savings Bank, has begun foreclosure proceedings.
In June GR exchanged notes coming due in 2008 and 2009 for approximately $291 million of notes coming due in 2016 and also exchanged notes due in 2012 for approximately $255 million of notes due in 2036.
We have many parishes established in the mid-20s that are now coming due for their celebration.
The Center had between 2 million and 3 million square feet in leases coming due last year of its total 6.