What is the Meaning of maturity | Definition and Concepts
The due date is the date on which an obligation term comes to an end. Although the term is used in various fields, such as production and consumption, the academic environment, and many others, in economy maturity refers to the date of payment of a financial obligation.
The due date is the one that concludes a period stipulated by two or more parties and because of which, the parties involved must meet its contractual obligations. In the majority of cases, maturity implies some kind of payment or economic or financial settlement.
For example, in the articulation of a lease, the expiry takes place when conditions in the same default expire and, therefore, lease or rental agreement ceases to be valid. Tenants must leave the apartment or premises rented, either renegotiate the terms of the contract, according to how the owner deems it.
Another common due date is for the payment of credits or other fertilizers for goods and services. Maturity is when each month or instance of the term in which one party must pay a certain amount of money. Maturities are often used to pay for services, fees and loans of various kinds.
Maturity periods can often be flexible, and if the involved no cancels the payment on the relevant date, another chance is given a little later cancel the payment.
If the due date is not respected, the purchaser or contractual party may suffer penalties or punishment and even legal penalties. All of this is determined beforehand in the contract between the parties concerned. On occasion that that forced not to cover the required amount, they may garnish is your property.
The due date is the one that concludes a period stipulated by two or more parties and because of which, the parties involved must meet its contractual obligations. In the majority of cases, maturity implies some kind of payment or economic or financial settlement.
For example, in the articulation of a lease, the expiry takes place when conditions in the same default expire and, therefore, lease or rental agreement ceases to be valid. Tenants must leave the apartment or premises rented, either renegotiate the terms of the contract, according to how the owner deems it.
Another common due date is for the payment of credits or other fertilizers for goods and services. Maturity is when each month or instance of the term in which one party must pay a certain amount of money. Maturities are often used to pay for services, fees and loans of various kinds.
Maturity periods can often be flexible, and if the involved no cancels the payment on the relevant date, another chance is given a little later cancel the payment.
If the due date is not respected, the purchaser or contractual party may suffer penalties or punishment and even legal penalties. All of this is determined beforehand in the contract between the parties concerned. On occasion that that forced not to cover the required amount, they may garnish is your property.