Maturity
/məˈtʃʊərəti/
Definitions
- (n.) The state or condition of being fully developed or matured, especially in a legal or financial context.
The bond reached maturity after ten years.
- (n.) The date on which a financial obligation must be repaid or a contract concluded.
The loan's maturity date is set for December 31st.
Forms
- maturities
Related terms
See also
Commentary
In legal and financial documents, clearly specifying the maturity date is crucial to avoid disputes over the timing of obligations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.