life of contract

Life of Contract

The time between the issue of a futures contract or option and its maturity or expiration. A contract may be traded at any point during its life, subject to the rules of the exchange on which it trades.

life of contract

In futures or options trading, the period of time in which trading can occur before the expiration or settlement. In general, a longer life makes an option more valuable.
References in periodicals archive ?
Transition relief gives existing FSCs until the end of 2001 (or life of contract for leasing FSCs) to change.
Employee contribution to medical plan increases incrementally from 15% to 20% over life of contract