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Maturity (3)
MATURITY (3)

Definition: (business) (of an insurance policy, etc.) The time when money you have invested is ready to be paid.
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* All five elements should be in.


1. Time is specified and identifiable, as in an agreement, a contract, etc.

2. A notification or reminder of time (= date) is given before its arrival, with a request for payment instructions, rollover directives, etc., if any, as applicable.

3. Envisaged return - in percentage (%) term - is what has been made on deposit, etc. as at the particular date.

4. Readiness is real. That is, an ability to pay is possessed by the financial institution. In other words, money can actually be received at the chosen time (= date).

5. Receivables at this time will have real value, not made worthless by a recession or downturn, deflation or inflation, stock market crash, etc.
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See perfect MATURITY (2).

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