TeachMeFinance.com - explain maturity
Maturity -- The date at which the amount of a policy becomes payable by reason of either death or endowment.
maturity -- (1) the end of the period of time for which credit, an insurance contract, or a mortgage loan is written. (2) the date(s) on which some types of investments such as bonds may be redeemed at face value. (3) the date on which a note, time draft, bill of exchange, bond, certificate of deposit or other negotiable instrument becomes due and payable.
Maturity -- The time fixed for the payment of a promissory note or of a bill (draft). The term is used particularly with reference to foreign bills of exchange. When it is said tfiat maturities in a certain month are large it is meant that a large number of bills mature or fall due in that month. An obligation is said to have reached maturity when it has become due and payable.
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