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maturity

The time at which a *bill of exchange becomes due for payment. When a bill is payable at a fixed period after date, after sight, or after the happening of a specified event, the date of payment is determined by excluding the day from which the time is to begin to run and including the day of payment. When a bill is payable at a fixed period after sight, the time begins to run from the date of *acceptance if the bill is accepted and from the date of noting or *protest if the bill is noted or protested for nonacceptance.

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