Matured Debt definition
Matured Debt means a Purchased Debt (whether an Approved Debt or an Unapproved Debt) for which a payment, credit note or similar item has been received, and such payment, credit note or similar item has been reconciled against invoices of the Client;
Matured Debt means, as of and after the date of its maturity, any Maturing Debt.
Examples of Matured Debt in a sentence
All Periodic Overpayments and Matured Debt Overpayments shall be placed by SLF in any SLF account, including, but not restricted to, a reserve account.