expiration


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Expiration

The time an option contract lapses.

Expiration Date

The date by which an option contract is abandoned and becomes worthless unless it is exercised. In an option contract, the holder has the right, but not the obligation, to buy or sell (depending on the type of option) the underlying asset within a certain period of time. The expiration date is the time at which the holder will lose the right to exercise the option. A European option can only be exercised on the expiration date, while an American option can be exercised at any point prior to the expiration date.

expiration

The relinquishment of the rights of an options contract by permitting the contract to terminate on the expiration date. Also called abandonment.
References in classic literature ?
At the expiration of these, Kowsoter, called at his lodge, and informed him that he would bring his bride to him in the course of the afternoon.
Charlotte had gradually withdrawn herself from society as the illness of George increased, and his danger became more apparent; and at the expiration of the month of April, she was seldom visible to those who are called the world, with the exception of the immediate connexions of her family, and her friend Maria 0sgood.
Well, my boy,' I exclaimed, after the expiration of several minutes, during which time my companion had not uttered a word,
Athos continued: "Before your soldiers the general told me to wait a week, and at the expiration of that week he would give me the answer he had to make me.
Astor became proprietor of one half of the Indian establishments and goods which the Mackinaw Company had within the territory of the Indian country in the United States, and it was understood that the whole was to be surrendered into his hands at the expiration of five years, on condition that the American Company would not trade within the British dominions.
sighed the Pharisee, as at the expiration of this period he looked over into the abyss-"we shall be too late
The next night there happened a similar accident with a similar result; and then the next -- and then again the next; so that, in the end, the good monarch, having been unavoidably deprived of all opportunity to keep his vow during a period of no less than one thousand and one nights, either forgets it altogether by the expiration of this time, or gets himself absolved of it in the regular way, or (what is more probable) breaks it outright, as well as the head of his father confessor.
The Seats of the Senators of the first Class shall be vacated at the expiration of the second Year, of the second Class at the expiration of the fourth Year, and of the third Class at the expiration of the sixth Year, so that one third may be chosen every second Year; and if vacancies happen by Resignation, or otherwise, during the recess of the Legislature of any State, the Executive thereof may make temporary Appointments until the next meeting of the Legislature, which shall then fill such Vacancies.
Should he die before the expiration of the thousand years from the birth of the thern whose immortality abides within him then the soul passes into a great white ape, but should the ape die short of the exact hour that terminates the thousand years the soul is for ever lost and passes for all eternity into the carcass of the slimy and fearsome silian whose wriggling thousands seethe the silent sea beneath the hurtling moons when the sun has gone and strange shapes walk through the Valley Dor.
At the expiration of a few moments, Quasimodo cast a desperate glance upon the crowd, and repeated in a voice still more heartrending: "Drink
The expiration of my first year of transportation was approaching, and already pleasant hints of my being soon assigned to private service began to reach my ears.
Now, miss," he said, "you give me your word of honor"--he stopped and looked round at Moody with a grin--"and you give me yours, that you won't either of you break the seal on this envelope till the expiration of one week from the present day.