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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 ?
"I think the whole narrative on the economy in India, particularly of the Opposition parties, reflects a very high degree of immaturity. It is a very nervous way of approaching a discussion on the economy," Shaurya said.
Understandably, having had no independence to self - govern for four centuries, our political immaturity was natural.
'The immaturity of federal government has been increasing financial woes of Pakistan and they have been putting the entire burden on the poor masses through the bombshell of inflation,' said Haideri.
'It depicts political immaturity of the ruling party.
Across the globe some teachers are mistaking the immaturity of younger children in their class for ADHD.
It happened again in the Asian Cup where they were on the verge of winning over Australia and Iran until immaturity kicked in, leading to another sorry endgame collapse.
ISLAMABAD -- Announcing to call all parties conference to tackle the growing influence of Qadiani lobby in Pakistan, Muttahida Majlis-i-Amal Chief Maulana Fazlur Rehman said that immaturity on the part of PTI government and its tilt toward an 'international capitalist agenda' enticed Qadiani lobby to come out of hibernation.
It is irony of fate that opposition's ostensible lead, led them to disarray which is an indicator of immaturity, of course.
Mercedes man Hamilton reckons Verstappen's immaturity is costing his team valuable points in their faltering title bid.
( Lewis Hamilton has continued his row with Max Verstappen and taken another shot at the Dutch driver by declaring that his immaturity on track is costing Red Bull Racing valuable points in the Formula 1 Drivers' and Constructors' Championship.
that was lenient Hallett A probation officer's report said that his 'immaturity' contributed to his crime.
I think immaturity is just an excuse - maybe dumping you via text is immature and cowardly, but being horrible to you is more to do with his character.