Maturity
Dictionary of Terms and Phrases Used in American or English Jurisprudence · Benjamin Vaughan Abbott · 1879
Dictionary of Terms and Phrases Used in American or English Jurisprudence
Is not synonymous' with legal majority. As used by a testator, it may well be held to import maturity of mind and character, the combined result of age and education.
Condict v. King, 13 N.J.Eq.-i'ib.
The word maturity was construed to mean puberty, in Lowry v. Mountjoy, 6 Call, 65. Maturity, when used with reference to bonds and similar instruments, means the time fixed for payment of the principal. A condition to pay bonds at maturity does not refer to payment of annual instalments of interest, though such are promised by the bonds, and is not broken by default in payment of interest until the time named for paying the principal arrives.
United States V. Union Pacific R. E. Co., 91 U. S. (1 Otto) 72.
The words " at maturity " refer to and include the whole day, unless specially and distinctly limited to a certain hour of the day.
Leigh v. Knickerbocker Life Ins. Co., 26 La. Am. 436.