maturity

/məˈtjʊərəti/

/məˈtʃʊərəti/ noun

Definition

› [C or U] (plural maturities) FINANCE, INSURANCE the time when an investment or insurance product becomes ready to be paid: In the next year about 20 investment trusts will reach maturity.on/at maturity There is no extra tax when the policy pays out on maturity.prior to/before maturity Closing the account before maturity will result in 90 days' loss of interest.a maturity of 60 days/3 years, etc. The shares have an exercise price of $27.50 per share and a maturity of three years. These deposits are for a range of maturities from overnight to one year.

› [U] ECONOMICS a stage in the development of a market or industry when it is not new and is not likely to grow quickly in the future: Eventually, all technologies reach maturity as growth slows and markets become saturated. He insists that the growing maturity of the games industry is not stifling creativity.

› [U] the quality of being older or an adult, and behaving in a reasonable way like an adult: She brings experience and maturity to the job.

→ See also yield to maturity

(Definition of maturity noun from the Cambridge Business English Dictionary © Cambridge University Press)