Chinese Ch'an. Buddhism. a Mahayana movement, introduced into China in the 6th century a.d. and into Japan in the 12th century, that emphasizes enlightenment for the student by the most direct possible means, accepting formal studies and observances only when they form part of such means.
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The maturity date on a car loan refers to the date when the finance contract expires and the loan is paid off. The maturity date is the final payment date. When referring to auto loans and leases, the maturity date is fixed, meaning the date the loan or lease reaches full maturity is set at the start of the loan. Significance. The maturity date for an auto loan or lease is the final time you must pay the lender. In the case of an auto loan, you will own the vehicle free and clear upon the completion of the finance agreement. On an auto lease, the maturity date refers to the final date by ...