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 ?
While Fitch recognizes the company is exposed to refinancing risk as over 50% of its debt comes due over the next three years: $445 million comes due in 2006, $331 million is due in 2007, $291 million matures in 2008, and approximately $774 million is due thereafter.
WHAT do you do when you want to remodel that old dog of a home with a few nice touches - some marble floors here, a little gourmet kitchen there, an equestrian center out back - and then the bill comes due and you realize you can only afford linoleum?
The loan is a four year $25 million secured subordinated term loan that comes due at the earlier of maturity or the occurrence of certain fund raisings or other liquidity events.
Or if you have the money already, leave it in the bank and collect the interest until the loan comes due.
Pro forma for the additional debt associated with this announcement, Tribune will have a high degree of short-term debt ($850 million to $1 billion) and will face its first significant maturity in 2008 when its revolver comes due.