Expiration dates for medicines are often marked “EXP” and can be found printed on the label or stamped on to the medicine bottle or carton. Expired medicines can be rendered less effective or made more risky due to a change in chemical composition.
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Definitions (2). 1. The date on which an option, right or warrant expires, and becomes worthless if not exercised. For stock options, this is the third Saturday of the month in which the contract expires, or the third Thursday of the month if the third Friday is a holiday. 2. The date on which an agreement is no longer in effect.
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DEFINITION of 'Expiration Date'. The date after which a consumable product such as food or medicine should not be used because it may be spoiled, damaged or ineffective.
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AAA |. The date after which a consumable product such as food or medicine should not be used because it may be spoiled, damaged or ineffective.
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“ The expiration date on the milk had passed, and if anyone tried to drink it they were in for a nasty surprise.
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2. Options trading: Last day on which an option contract can be exercised. American options allow exercising of option on any day up to the expiration date; European options can only be exercised on the last (maturity) day.
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Shelf-life is not to be confused with service-life (defined as, A general term used to quantify the average or standard life expectancy of an item or equipment while in use.
https://en.wikipedia.org/wiki/Shelf_life
The last day that an options or futures contract is valid. When an investor buys an option, the contract gives them the right but not the obligation to buy or sell an asset at a predetermined price, called a strike price, within a given time period, which is on or before the expiration date.
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As using expired medical products is risky and may be harmful to health, the FDA mandated specifying expiration dates on all prescription and over-the-counter medicines in the late 1970s.
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The expiration date for all listed stock options in the United States is normally the third Friday of the contract month, which is the month when the contract expires. However, when that Friday falls on a holiday, the expiration date is on the Thursday immediately before the third Friday. Once an options or futures contract passes its expiration date, the contract is invalid.
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define expiration date
Expiration date is the date after which a consumable product such as food or medicine should not be used because it may be spoiled, damaged, or ineffective. The expiration date is the date after which a consumable product such as food or medicine should not be used. An expiration date is the date after which a consumable product such as food or medicine should not be used because it may be spoiled, damaged or ineffective. Expiration date means that the date after which a consumable product such as food or medicine should not be used because it may be spoiled, damaged or ineffective.