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is limited as to time, it expires by mere lapse of time, and then it has no force whatever; and, if such a statute repealed or supplied a former statute, the first statute is, i so facto, revived by the expiration of the repealing statute; 6 Whart. 294; 1 Bland, R. 664 unless it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 periodicals archive ?
Beside the previously mentioned stock index futures, examples of pure cost-of-carry markets with only quarterly expirations include foreign exchange and Treasury futures contracts.
If, for example, expirations 1, 2, and 3 are January, February, and March, as the January contract expires, February and March become expirations 1 and 2.
In the beginning of our sample period, contract expirations included two serial months and two quarterly months.
The CBOE's move to add monthly expirations is indicative of the demand for short expiration options.
The debate specifically focused on stock price behavior around the expiration date of index derivatives.
Alternatively, call option expiration could result in a decrease in option prices if writers act to replace expired positions.
The wave of patent expirations that began this year will continue to a lesser degree in 2007.
that will be most challenged by patent expirations during 2007 are Bristol Myers Squibb, Merck and Pfizer.
Payors' focus on moderating drug spending, combined with a number of significant patent expirations in the next few years, should moderate top-line growth for distributors.
Additionally, a recently announced $4 billion restructuring plan should serve to support margins during the next several years while the company faces patent expirations, flat growth expectations for 2005, and industry-related challenges such as the pending Medicare drug bill.
Fitch believes that the potential declines in total company revenues and earnings due to patent expirations will be mitigated by productivity from the company's internal R&D program and external strategic alliances.
Although EBITDA margins had expanded in 2003 aided by the leaner operating structure, Fitch anticipates EBITDA and EBITDA margins to compress in the intermediate term associated with the patent expirations of key pharmaceutical products, increased investment for the late-stage R&D portfolio, and increased spending for SG&A upon commercialization of the R&D pipeline.