Expiration

Posted in Finance, Accounting and Economics Terms, Total Reads: 730
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Definition: Expiration

Expiration is the end of the period of a contract. For example futures are standardized contracts between two parties where the parties exchange an asset at a decided price at a decided time.

Expiration of the contract happens at this decided date or delivery date when the contract gets over and the asset is bought and sold. It mainly refers to the termination of the contract.

 

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