Matured Claim – a claim based on a debt that is due for payment

mature:
adjective

1. Due and payable.

2. Full-grown; ripe; fully developed.

mature:
verb

1. To become due and payable.

     Usage: “When does this note mature?”

2. To ripen; to develop fully; to reach maturity. [1]

matured claim:
(1870)

“A claim based on a debt that is due for payment.” [2]

References:

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[1]:  Ballantine’s Law Dictionary Legal Assistant Edition
by Jack Ballantine 
(James Arthur 1871-1949).  Doctored by Jack G. Handler, J.D. © 1994 Delmar by Thomson Learning.  ISBN 0-8273-4874-6.

[2]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4

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