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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)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.

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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
Al Mansoori further highlighted that achieving the first position in GEMS Maturity Index is the result of the collective efforts of the UAE Government towards full digital transformation.
Cultivating Spiritual Maturity casts unrelenting light on the necessity for input from a trustworthy mentor, teacher or guru.
The bank also paid annual profit rates with payment at maturity on NBP PLS Plus Term Deposit Certificate.
While the increase in IBR utilization is driving maturity risk, there are offsetting factors.
This section reviews previous research into cyber security maturity concepts and models.
to redeem at maturity the outstanding bonds issued on 14 December 2011 for a total principal amount of AC800 million ($941.192), bearing interest on its principal amount at a fixed rate of 5.000% per annum and due January 2019.
The survey covered 139 respondents from 120+ enterprises and 20 industries across more than six geographic regions to examine the maturity of IT risk management programmes, methods used to assess IT risks, impact of IT regulations, and the role of technology in managing IT risks.
The ACC Legal Operations Maturity Model, Toolkit and Webinar Series is designed as a reference and maturity benchmarking resource to enhance the operations of a law department.
A research report conducted by the International Institute for Analytics and sponsored by Dataiku has concluded that among some of the largest brands in the world, higher Analytics Maturity' correlated with higher financial performance, company performance, and brand reputation.
The interest rate for retail term deposits of less than INR10m has been revised from 4 percent to 5.25 percent, for the maturity buckets of 7 to 29 days and 30 to 45 days.
The classes of maturity at harvest are an important factor affecting postharvest fruit quality; consumer acceptability of apricot fruit was associated with sweetness, color, and juiciness, and the quality of fruits during the storage process is intimately associated with harvest maturity of fruits [6].