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maturity

Definition from Nolo’s Plain-English Law Dictionary

1) The date when the payment of the principal amount owed under the terms of a promissory note, bill of exchange, or bond becomes due. 2) The age when one becomes an adult, which is 18 for most purposes. (See also: age of majority)

Definition provided by Nolo’s Plain-English Law Dictionary.

August 19, 2010, 5:19 pm