Expiration :




Expiration : Refers to the date or the point of time past which one cannot exercise an option or the date past which an agreement ceases to be in force : Indicative of the final date till which an insurance policy remains effective though there may be a provision of some grace period or the option of automatic renewal, in certain policies : Refers to the concluding date of a labour contract, although in many contracts, there exists a clause that states that the contract continues till either party forwards a formal notice of termination : Descriptive of a contingency clause in a contract that usually states or spells out a time period past which the contract, if not executed is rendered invalid, as a real estate contract having a stipulation that the arrangement of financing must be done within thirty days from the date of the contract : Common consent of both the parties can bring about an extension in such expiration : the last date for a special price offer, co-op advertising, etc. : date on which an order is placed, accepted or executed can also act as the basis of expiration




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