Termination


Also found in: Dictionary, Thesaurus, Medical, Financial, Acronyms, Encyclopedia, Wikipedia.

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.

References in periodicals archive ?
Here's a look at the deal termination provisions included in the agreements, and in the related documents sent to shareholders with the agreements.
* Review the employee's personnel file and other documentation to see if it supports the basis for termination;
The homeowners' counsel, however, contended that the termination statute could and should be applied retroactively.
1.263(a)-4 to the Taxpayer's facts, the IRS concluded that payment of the termination fee did not create an intangible asset as described in Regs.
As well as clearly setting out contractually agreed termination rights, it is important that the contract provides that it may be terminated without a court order.
Three sections of the UCC are relevant in determining whether the filing of a UCC-3 termination effectively terminates the perfection of a security interest.
We included dichotomous indicators for four five-year time periods: 1989-1993, 1994-1998, 1999-2003 and 2004-2008 ([double dagger]) We expected that the likelihood of pregnancy termination has increased as the cost of raising children has risen in Bangladesh, ([section]) though the decrease that has occurred in the incidence of unintended pregnancy (14,15) could have offset this.
A termination fee, also called a break-up fee, can be a beneficial tool for companies undertaking some form of M&A activity.
Insurers that contend that EPLI policies never provide coverage for wrongful termination and retaliation claims in California base their argument on Section 533 of the California Insurance Code.
Self-induced pregnancy termination also has economic costs: for example, a recent study by Benson et at.
The ordinary dictionary meaning of 'termination' is to 'end' something, although the dictionary states that the secondary meaning of 'termination' in the context of 'termination of pregnancy' is 'an abortion'.