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 ?
Pure360 have spent significant time and resource researching the email marketing landscape, liaising with multiple industry thought leaders and delving into their own customer base to ensure their Email Maturity Model is the most accurate, reliable and successful framework available to email marketers today.
The RBC Target Maturity Corporate Bond ETFs seek to provide investors with a high quality and flexible fixed income solution that functions similar to a bond, said Mark Neill, head of RBC ETFs.
It is believed that at 16, we reach a spiritual maturity and are ready to embrace our responsibilities and accountabilities within society.
Under the new pricing structure, loans with an average loan maturity of up to 13 years will not attract a maturity premium.
The people telling the stories are surprised because the supplier claimed to be a CMM [Capability Maturity Model] Level 3 or higher organization, and the clients assumed that would be a recipe for success.
However, they do alter the method of amortizing capitalized debt issuance costs to conform generally to the constant yield to maturity method for OID.
Interest may be fixed, floating/variable, or payable at maturity.
The warrants are expected to increase in value if the yield to maturity on U.
As the real estate industry continues to suffer, it has become more and more common for lenders to seek payment under these interest guaranties for interest accruing both before and after the stated maturity of -- and after a default with respect to -- the underlying loan.
The bond contract (indenture) calls for payment of principal (par value) at maturity and periodic interest payments during the bond term.
Assume a corporation issues an applicable instrument at the beginning of the year with an issue price of $100 and a yield to maturity of 20 percent in a month when the AFR is 9 percent.