termination

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Related to terminations: termination of a pregnancy

Termination

Cessation; conclusion; end in time or existence.

When used in connection with litigation, the term signifies the final determination of the action.

The termination or cancellation of a contract signifies the process whereby an end is put to whatever remains to be performed thereunder. It differs from Rescission, which refers to the restoration of the parties to the positions they occupied prior to the contract.

The termination of a lease refers to the severance of the Landlord and Tenant relationship before the leasehold term expires through the ordinary passage of time.

termination

noun abatement, adjournment, cancellation, climax, close, completion, conclusion, confine, consummation, culmination, denouement, discharge, discontinuance, effect, end, ending, end of the matter, end result, epilogue, expiration, finale, finality, finish, lapse, limit, outcome, pay-off, sequel, stoppage, terminal, upshot, windup
Associated concepts: termination of a contract, termination of employment, termination of parental rights
See also: abatement, adjournment, barrier, border, cancellation, close, conclusion, death, denouement, destination, desuetude, discharge, discontinuance, end, expiration, extremity, finality, frontier, halt, lapse, moratorium, outcome, performance, relinquishment, rescision, resignation, result
References in periodicals archive ?
Terminations," by Phillip Elefonte, CPA, in the October 2012 issue of The Tax Adviser.
2 Top Partnership Deal Terminations - Introduction 10
Part I of this two-part article discusses developments in S eligibility, election and termination issues during the past year (July 2005-June 2006), including changes related to the American Jobs Creation of Act of 2004 (AJCA), a notice that explains the family shareholder election procedure, and a case on permitted year-ends for S corporations.
The Federal Reserve Board announced on September 26, 2005, the termination of the enforcement actions listed below.
In addition, all proposed terminations or non-renewals of distributors should be subjected to legal review to ensure that they comply with legal requirements and contractual terms.
Bus errors and random bus hangs will occur with passive terminations with large configurations or high speed.
Clearly, the recent terminations were not the consequences of the chief's unfettered authority; they had the endorsement of department members who have thoroughly investigated the basis on which the terminations were made.
In sensitive terminations, influential members of the group or key hospital personnel should be involved in planning the termination process such as chief executive of the institution and president of medical staff.
These critical improvements speed installation time and ensure consistently higher quality terminations.
Part I of this two-part article, below, discusses S eligibility, election and termination issues, including changes made by the American Jobs Creation of Act of 2004 (AJCA), a new regulation, revenue procedures that simplify the S election process and court cases on terminations.
For financial reporting purposes, a plan of involuntary termination is defined as a plan that (a) identifies, at a minimum, the number of employees to be terminated, the job classifications or functions that will be affected and their locations, and when the terminations are expected to occur and (b) establishes the terms of the termination benefits in sufficient detail to enable employees to determine the type and amount of benefits they will receive if they are involuntarily terminated.