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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. 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. |
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Ultra-short bond funds currently have average maturities of 2. THE FEDERAL GOVERNMENT OF BRAZIL unveiled a plan aimed at consolidating and lengthening the maturities of the country's internal debt, currently equal to around 50% of the gross domestic product. Wood said one way the disparity was resolved was by requiring governments to disclose whether the maturities of investments made with the proceeds of agreements are matched to the maturities of the agreements. |
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