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 ?
All units still held by investors following delisting will be subject to mandatory redemption on the maturity date of Friday, November 18, 2016.
The global risk management community has dedicated many skills and years to developing and evolving all forms of models and tools that attempt to measure the maturity of our enterprise risk management (ERM) programs within organizations.
Too often, acquirers demand CMMI maturity or capability levels and rely heavily upon those claims without an adequate understanding of their impact upon the work that will be performed for the acquirer.
The costs are then spread over the debt's term based on a constant yield to maturity.
And high-quality bonds lessen the risk of not getting interest payments on time or principal back at maturity.
Instead, the investor receives one payment at maturity that is equal to the purchase price plus the total interest earned, compounded semiannually at the interest rate when the bond was purchased.
To some extent the degree of one's career maturity may influence both educational and career choice one will have to make.
For instance, they have expressed concern about compelling guarantors to pay interest indefinitely, or to pay both principal and interest to relieve themselves from the liability of paying interest if the lender chooses not to collect the debt by suing on the note, mortgage foreclosure or otherwise at maturity or on default.
The allocation of payments of OID made under a debt instrument before maturity between the disqualified portion and the remainder is to be made pursuant to Treasury regulations.
Maturity in this context is a reflection of a service organizations commitment to understand who their self-service target audience is and what it needs.
The RBC Target Maturity Corporate Bond ETFs seek to provide investors with a high quality and flexible fixed income solution that functions similar to a bond, said Mark Neill, head of RBC ETFs.