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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 ?
The first tranche of these issued bonds was worth $1.36bn with a yield of 4.62% maturing on 10 December 2018.
The 8.27 per cent government security maturing in 2020 spiked to Rs 100.99 against Rs 100.90, while its yield fell to 7.74 per cent.
The three securities include the e1/4750m bond maturing June 25, 2019, a e1/41bn bond maturing on February 3, 2020 and a e1/4100m bond maturing on May 2, 2020, the PDMO, a unit of the finance ministry, said.
On-time maturing included the 587 whose first menarche was between ages 12 and 13, and late maturing included the 186 who first got their period after age 13 years.
For deposits between INR10m and INR100m, maturing in seven to 14 days, rates have been reduced to 5 percent from 6.25 percent earlier.
Among the six major regions of the United States, the Northeast has the greatest amount of loans maturing between 2014 and 2017, at almost $100 billion.
If the deal hadn't gone ahead, the Government would have had to raise EUR12billion in January 2014 to repay maturing bonds or roll them over by issuing new ones.
BEIRUT: Lebanon is seeking to refinance in November around $2 billion of debt maturing next year, banking sources said Thursday.
Summary: The payments were made on three bonds maturing in 2010, 2014 and 2017, reports Reuters.
Some peppers stay green until they mature to yellow or red; others may turn white, lilac or purple before maturing to red or yellow.
Prices for shorter dated investments don't move around as much as those maturing later on.
Approximately 50% of the girls were Hispanic, 36% were black, and 14% were white, and 20% of early maturing black girls, 14% of early maturing Hispanic girls, and 7% of early maturing white girls had engaged in violence at the time of the second interview.