expiration date

expiration date definition - business

expiration date

  1. The last day on which an option holder may exercise an option. This date is stated in the contract at the time the option is written. Also called expiry date.
  2. The end of an agreement or contract period.
  3. The last date on which a product should be used. For example, pharmaceutical products have an expiry date.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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