expiration

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expiration

noun cessation, close, closing, closure, completion, conclusion, consummation, death, discontinuation, dissolution, dying, end, ending, exspiratio, finish, limit, period, retirement, running out, stop, stoppage, term, termination
Associated concepts: expiration of a charter, expiration of a contract, expiration of a franchise, expiration of a grant, exxiration of a lease, expiration of a license, expiration of a patent, expiration of a period of redemption, expiration of a sentence, expiration of a term of office, expiration of a trademark, expiration of an insurance policy, expiration of an option to buy, expiration of credit
See also: cessation, close, conclusion, death, defeasance, demise, dissolution, end, extremity, finality, termination

EXPIRATION. Cessation; end. As, the expiration of, a lease, of a contract, or statute.
     2. In general, the expiration of a contract puts an end to all the engagements of the parties, except to those which arise from the non- fulfillment of obligations created during its existence. For example, the expiration of a partnership so dissolves it, that the parties cannot in general create any new liability, but it still subsists, to enable the parties to fulfill engagements in which the partners have engaged, or to compel others to perform their obligations towards them. See Dissolution; Contracts.
     3. When a statute is limited as to time, it expires by mere lapse of time, and then it has no force whatever; and, if such a statute repealed or supplied a former statute, the first statute is, i so facto, revived by the expiration of the repealing statute; 6 Whart. 294; 1 Bland, R. 664 unless it appear that such was not the intention of the legislature. 3 East, 212 Bac. Ab. Statute, D.

References in classic literature ?
The answer--not to Kate's very great joy-- was favourable; and at the expiration of a week she betook herself, with all her movables and valuables, to Mrs Wititterly's mansion, where for the present we will leave her.
Carrying out which intention, he presented himself before her at the expiration of a month, in rags, without shoes, and much more tired than ever.
The options will trade on the January expiration cycle with initial expirations in May, June, July and October.
The last 37 expirations have resulted in an average return of 0.
The options will trade on March expiration cycle with initial expirations in November, December, March and June.
Two key issues that Fitch closely monitored during 2006 were the effects of the initiation of Medicare Part D under the Medicare Prescription Drug Improvement and Modernization Act of 2003 and the start of a new wave of brand-name pharmaceutical patent expirations in the U.
Next year marks the start of a wave of potential branded-drug patent expirations that will negatively affect branded pharmaceutical sales yet contribute to generic drug sales through the intermediate term.
Despite the loss of cash flow related to the Cox-2 drugs and pending patent expirations, Fitch anticipates that Pfizer will still continue to generate free cash flow (net cash flow from operating activities less capital expenditures and dividends) in excess of $5 billion.
CBS LEAPS will have expirations in January 1996 (LEAPS ticker symbol LLC) and January 1997 (ZBS).
Storage Technology LEAPS will have expirations in January 1995 (VSK) and January 1996 (LSK), with both expirations having strike prices of 30, 40 and 50.