maturity

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Related to maturities: Current Maturities

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 ?
Treasury bonds (long-term): maturities of 10 or more years
Meanwhile, Lay says longer maturities currently look like a bargain, even after yields on the 30-year Treasury have fallen from 6.
5%, they are sold at 100 different maturities for up to 30 years.
Many companies overlook floaters because most are issued with relatively long financial maturities.
Matching the effective maturities of assets and liabilities was not a concern, because there was no significant interest rate risk to the mismatched portfolios.
Fitch expects that the company's current cash and marketable securities balance should fund all cash requirements through at least 2007 and potentially 2008, depending on market access for 2008 maturities.
The treasury department will need to determine the amount to be invested in short maturities.
Bonds with long maturities are thus considered to have significantly more interest rate risk than do bonds with relatively short maturities.
9 million and contains serial bonds with remaining maturities of June 1, 2006 through June 1, 2015, a term bond with a maturity of June 1, 2019, and flexible amortization term bonds with maturities of June 1, 2023, 2028, 2035, and 2042.