Also known as: maturity · due date · maturity date
Written by attorneys · grounded in primary & secondary sources — see below
2 senses
The date on which the principal amount of a debt instrument or secured obligation becomes due and payable. Default in an installment payment renders the instrument overdue from the date of default until cured. Default solely in interest payments does not cause the instrument to become overdue unless the principal due date has been accelerated.
The date on which the principal amount of a debt instrument or secured obligation becomes due and payable. Default in an installment payment renders the instrument overdue from the date of default until cured. Default solely in interest payments does not cause the instrument to become overdue unless the principal due date has been accelerated.
Select any source to read its text and confirm it supports the definition.
The condition of having reached sufficient age or developmental capacity to qualify for specified legal rights, duties, or protections. Courts assess maturity when determining eligibility for appointments, service of process, or sentencing consequences.
Select any source to read its text and confirm it supports the definition.
The condition of having reached sufficient age or developmental capacity to qualify for specified legal rights, duties, or protections. Courts assess maturity when determining eligibility for appointments, service of process, or sentencing consequences.
Each sense below has its own examples, sources, and questions.
Apex Dynamics issued a promissory note to Artemis Logistics payable in quarterly installments. After missing the third installment, Apex made no further payments. Artemis treated the note as overdue from the missed installment date onward and refused to accept a later cure attempt without additional fees.
Aurora Biotech borrowed from Ashford Manufacturing under a note requiring monthly interest payments with principal due in a lump sum at the end of five years. Aurora missed two interest payments but remained current on principal. Ashford could not declare the note overdue based solely on the interest defaults.
The instrument becomes overdue upon default in payment of an installment if the due date has not been accelerated. It remains overdue until the default is cured.
Supporting sources
No. Unless the principal due date has been accelerated, default in interest payments alone does not render the instrument overdue.
Supporting sources
The President nominated Abigail Alvarez to a federal commission. The statute required appointees to demonstrate maturity and experience. The Senate confirmed Alvarez after reviewing her professional record and age, assigning her to a five-year term ending after the longest initial period.
Arthur Abrams, a state trooper, challenged a statute forcing retirement at age fifty. The court upheld the rule, finding that the legislature could rationally conclude officers generally lose sufficient physical and mental maturity for the job after that age.
Antonio Alvarado sued a school district claiming unequal funding violated equal protection. The court held that wealth classifications do not trigger strict scrutiny because students at different maturity levels do not constitute a suspect class requiring heightened review.
Alexis Archer, seventeen at the time of the offense, received a death sentence. The reviewing court vacated the sentence, holding that offenders who have not reached full maturity by age eighteen are categorically ineligible for capital punishment.
Appointees must demonstrate maturity, experience, integrity, impartiality, and good judgment. The statute ties these qualities to selection criteria for commission members.
Supporting sources
Legislatures may conclude that officers generally lose the physical and mental capacity required for the job after a certain age, satisfying rational-basis review.
Offenders under eighteen at the time of the crime are categorically ineligible for the death penalty regardless of individual maturity assessments.
…facts and may recover thereon. This doctrine is fundamental to the security of negotiable paper. Equally, the holder before maturity is not bound to prove bona fides and value; the law presumes it until rebutted, and it is incumbent upon the defendant to prove otherwise. In the present case Swift was a bona fide holder…