maturema·ture1 /məˈtʃʊə-ˈtʊr/ verb [intransitiveI]1FINANCE if a financial arrangement such as a bond or an INSURANCE POLICY matures, it becomes ready to be paidThe debentures will mature in five years’ time.
2to become fully developedThe country’s economy has matured and become more open to competition.
3ECONOMICSif an industry or market matures, it stops growing as fast as before, and the number of competitors decreasesWhen the market begins to mature, it is increasingly difficult for new entrants to gain a significant position.