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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Written agreement dated April 23, 2003 Terminated January 6, 2005
obligation matures or is otherwise terminated in a transaction in which pin or loss is recognized." Thus, the conversion of the debt instrument and the new dollar obligation are treated as replacement debt.
Out of these 174 trains, 125 trains have been fully cancelled and 49 trains have been short terminated.
A limited contract can be terminated on the following bases: If the term of contract expires and it is not renewed; if both the employer and employee mutually agree to end it; and when either party acts unilaterally to terminate the contract before its expiry date (in this case the terminating party bears the legal consequences).
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.
Healthcare-related termination benefits that are provided as the result of a large-scale, age-related program (for example, an early-retirement incentive program that affects a significant portion of employees) should be measured at their discounted present values based on projected total claims costs (or age-adjusted premiums approximating claims costs) for terminated employees, with consideration given to the expected future healthcare cost trend rate.
* First American Bank, Elk Grove Village, Illinois Written agreement dated September 26, 2003 Terminated February 19, 2004
If the transaction is structured to avoid the same desk rule, the plan may be terminated and distributions may be made to the participants before the merger or acquisition occurs.
The adapter should be used as a middle device on the bus; adapters should not be used at the end of the bus where the wide bus must be terminated.
Further, as discussed below, a broker's authority under an agreement with no set term may continue until formally terminated.
Sponsors have terminated plans rather than be subject to the constant changes, thus removing altogether some employees from pension plan coverage.
Summary: New Delhi [India], August 21 (ANI): Judicial Magistrate Nitesh Gupta, son of Meghalaya High Court sitting judge, on Monday was terminated from his services by the Delhi High Court.