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 ?
Marking an institution's investment portfolio to market or the lower of cost or market while reporting liabilities with similar maturities at cost removes financial statements from the realm of economic reality and, arguably, makes them meaningless.
After the reorganization, Select Maturities will continue to pay monthly income free from federal taxes, although income is subject to state and local taxes and to the alternative minimum tax.
Longer maturities should carry a higher rate of return because, as mentioned above, they will decline faster in price than those with shorter maturities if interest rates move higher.
The company has nominal amounts of debt scheduled to mature during the remainder of 2005, and in 2006 scheduled maturities total $55 million.
However, Dow is likely to have competing uses for cash in the near term, which include current debt maturities, pension obligations dividends, and share repurchases.
The addition of the cash from the new convertible issuance will enhance the company's flexibility to fund future cash flow needs, 2005 maturities, and make opportunistic acquisitions, as well as continue to address its 2008 maturity level.
NSC's level of free cash flow generation has been significantly stronger than that of some competing railroads, notably CSX, and has given NSC the opportunity to pay some debt maturities with cash as they come due, as it did in the first quarter of this year.
On May 19, 2003, Fitch reviewed NHP and kept its Rating Outlook at Negative due to the near-term maturities the company faced under its medium term notes (MTN) program.
Frozen deposits were rescheduled in early 2002 to fixed maturity certificates (CEDROs) with maturities spread over time.
However, to ensure that each series of CCNs has staggered maturities, the scheduled maturity date of the first issued series 1MM CCNs will be April 15, 2004, and the scheduled maturity date of the first issued series 2MM CCNs will be July 15, 2004.
Without any significant debt maturities due until 2006, we can now focus our efforts on running our business through operational initiatives and innovative marketing programs in preparation for the expected economic recovery.