terminate

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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 ?
Gains and losses on terminations of interest rate swap agreements are deferred as an adjustment to the carrying amount of the outstanding obligation and amortized as an adjustment to interest expense related to the obligation over the remaining term of the original contract life of the terminat ed swap agreement.
They felt that a shorter time period after terminat ion was adequate before becoming sexually intimate with a former client (Akamatsu, 1988), however the temporal sequence of attitudes and behaviors cannot be determined from these studies.
Nerve connections in the brain are not sufficiently formed to allow pain percept ion unt il af ter the of f icial 24-week limit for terminat ions, a G o v e r n me n t -c om m i s s i o n e d report found.