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TeachMeFinance.com - explain maturity Maturity -- The date at which the amount of a policy becomes payable by reason of either death or endowment. another definition... 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. historic definition... 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. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.