terminate

(redirected from termination)
Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Encyclopedia, 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 ?
Anthem executives talked about the termination fee in a conference call with securities analysts when they announced the Cigna deal.
Although the proposal was prospective, applying only to condominiums created after the date of anticipated enactment, one impetus for the legislative request was to allow for termination of an aging stock of condominiums approaching the end of their useful lives.
Under the Civil Code, a construction contract may be terminated based on one of two grounds: termination for convenience (also referred to as "termination at will") and termination for default.
After a termination, the corporation is not eligible to erect S status for five years.
Cause" usually means a serious breach of performance or obvious grounds for termination, such as theft or dishonesty.
On October 5, 2005, the Federal Reserve Board announced the termination of the following enforcement action.
A "for cause" termination occurs when the contractor has failed to meet obligations such as staffing the job appropriately and paying subcontractors, meeting specific milestones or adhering to a pre-determined schedule or budget.
The solar system's outer boundary, which lies beyond the termination shock, is the edge of the heliosphere, the vast bubble of space filled by the wind of charged particles continuously blown by the sun.
If you happen to be a foreign supplier and you carefully pave the way for the eventual termination of your contract with your distributor (preferably from the moment you decide to enter the Japanese market), much of the above can be avoided.
Consequently CDHS imposed 27 deficiencies, including two with a scope and severity at level "K" and one at level "H," resulting in a total fine of $122,500 and termination from the Medicare and Medicaid programs.
ensure that your termination rights are equal to or more flexible than the vendor's.