What is MATURITY?

In mercantile law. The time when a bill of exchange or promissory note becomes due. Story, Bills, f 329. Gilbert v. Sprague, 88 111. App. 508; Wheeless ?. Williams, 62 Miss. 371, 52 Am. Rep. 190

More On This Topic



Link to This Definition
Did you find this definition of MATURITY helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary