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 ?
With the restatement and delayed filings behind DRL, the biggest challenge over the near-term is the refinancing of $625 million of unsecured debt coming due in July 2007.
Moreover, it is noted that aside from the anticipated additional debt following closing, the company also has relatively near-term requirements of 30% of existing debt coming due in the next two years.
Commercial paper, a short-term promissory note or loan coming due in 180 days or less, is usually issued by a corporation, not a municipality.
Additionally, he said, if a lease is coming due this year with substantial escalations, a renegotiation will probably lead to a rental less than what is being paid now.
With Clear Choice Financial having completed the acquisitions of Bay Capital and Allstate Home Loans, we now have the platform to grow our business to meet the demand of the over $1 Trillion worth of loans coming due over the next 18 months.
The balloon payment finally is coming due on all of those restructured contracts and megabucks free-agent deals.
Liquidity remains a problem and the scarce supply of available funds at reasonable terms will be further crimped by the many bullet loans coming due in the next year or so
Best's analysis also contemplates a temporary modest increase in Torchmark's leverage for re-funding of maturing and callable debt coming due in the later part of 2006.
We expect that a number of traditional and non-recourse premium finance loans that were administered over the past 10 years will be coming due in the near future," said Tom Yaeger, Executive Vice President of A.