EXPIRATION

Expiration

In finance, the expiration date of an option contract is the last date on which the holder of the option may exercise it according to its terms. In the case of options with "automatic exercise" the net value of the option is credited to the long and debited to the short position holders.

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expiration

Noun

  1. The act of expiring.
  2. The act or process of breathing out, or forcing air from the lungs through the nose or mouth; as, respiration consists of inspiration and expiration; – opposed to inspiration.
  3. Emission of volatile matter; exhalation.
  4. The last emission of breath; death.
  5. A coming to a close; cessation; extinction; termination; end.
  6. That which is expired; matter breathed forth; that which is produced by breathing out, as a sound.


The above text is a snippet from Wiktionary: expiration
and as such is available under the Creative Commons Attribution/Share-Alike License.

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