maturity
noun
uk/məˈtjʊərəti/ us/məˈtʃʊərəti/ [ C or U ] FINANCE, INSURANCE plural maturities
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