Maturity example sentences
A bill of exchange should be duly presented for payment on the date of its maturity.When a company issues debentures, it usually mentions the terms on which they will be redeemed at their maturity.No entry is recorded because the bill has been transferred in favour of the creditor, therefore the creditor becomes its owner and will receive the payment on maturity.To encourage the retirement of the bill, the holder allows some discount called Rebate on bills for the period between date of retirement and maturity.Change in maturity duration: The shorter the duration of the crop from sowing to harvesting, the more economical is the variety.For example, preference shares of a company acquired shortly before their specific redemption date, provided there is only insignificant risk of failure of the company to repay the amount at maturity.When a company issues debentures, it usually mentions the terms on which they will be redeemed at their maturity.But when an emergent holiday is declared under the Negotiable Instruments Act 1881, by the Government of India which may happen to be the date of maturity of a bill of exchange, then the date of maturity will be the next working day immediately after the holiday.When a company issues debentures, it usually mentions the terms on which they will be redeemed at their maturity.On maturity, each party meets his acceptance out of his own resources if everyone draws and accepts bills of the same denomination and tenure.It is an unsecured promissory note issued by a firm to raise funds for a short period The maturity period of commercial paper usually ranges from 90 days to 364 days.Raj remitted the amount one day before the maturity of the bill to Pal.On receiving the bill of exchange, the importer releases the payment in case of sight draft or accepts the usance draft for making payment on maturity of the bill of exchange.If a cheque deposited by the firm is dishonoured or a bill of exchange drawn by the business firm is discounted with the bank is dishonoured on the date of maturity, the same is debited to customer's account by the bank.When a company issues debentures, it usually mentions the terms on which they will be redeemed at their maturity.
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