terminate

(redirected from terminated)
Also found in: Dictionary, Thesaurus, Medical, Legal, Idioms, Wikipedia.

terminate

To end.(1) For leases,this term implies an ending before the natural expiration time, as by default.When reviewing leases, pay close attention to the rights and responsibilities “upon termination”or “at expiration,”because these are two completely different circumstances. (2) For partnerships, it means the end of the partnership business and affairs, although that might technically be before formal dissolution of the partnership.(3) Under the Uniform Commercial Code,it means legally ending a contract,without default by either side.

References in periodicals archive ?
Non-term contracts can be terminated if both parties consent to termination, one party gives notice of termination at least one month in advance and not exceeding three months or if one party unilaterally acts to terminate but bears consequences of early termination.
Alternatively, if a contract does not contain any contractually agreed termination rights (or if the contract fails to provide that it may be terminated without a court order), a party wishing to terminate the contract is required to seek the consent of the court.
It improves financial reporting by (a) adopting for all voluntary termination benefits recognition requirements similar to those in NCGA Interpretation 8, (b) establishing guidance applicable to involuntary termination benefits that requires governments, in financial statements prepared on the accrual basis of accounting, to account for the effects of termination benefits in the period in which the employer becomes obligated to provide benefits to terminated employees, and (c) elaborating on measurement issues associated with all forms of termination benefits.
The House Internal Security Committee -- terminated.
They can even be connected to the 50-pin connector if the upper byte is terminated.
Where the broker's employment is properly and timely terminated, the principal bears no liability for a commission even if the sale or lease is ultimately consummated with a prospect introduced by the broker.
The party seeking to terminate the contract then deems the contract terminated.
The IRS concluded that the business was a corporation for income tax purposes, even though its status was terminated by the state; thus, it would treat the company's S election as timely if filed within 60 days of the ruling.
Mourad argued the gain should have been reported by V&M, not by him, since V&M's filing for bankruptcy had terminated its status as an S corporation.
Written agreement dated September 29, 2000 Terminated October 29, 2004
Contractually there wasn't cause, but there were plenty of valid reasons why he was terminated,'' Snow said.
Customers that are terminated, professionally and with care, may not be happy at the time, but the long-term effects are generally positive.