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The matured ovary of a plant is a FRUIT.

Pistil is the ovary producing part of a flower.
Seed is what the ovules develop into. 

After fertilization, the produced ovary will enlarge and becomes a fruit with a seed inside it. The fruit developed primarily to protect the seed. Another purpose of the fruit is to attract animals that will become agents of dispersing the seeds.

Answer: fruit

An ovary can be defined as an enlarged basal portion of the pistil of the flower. It is the female organ of the flower. It consists of ovules which after fertilization develops into seeds. The ovary get matured into a fruit which can enclose all the seeds produced after fertilization. The fruit can be fleshy or dry depending upon the type of tissues present.

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