An option is a wasting asset; i.e., it has a limited life, usually nine months. At the end of its life, it either becomes worthless (if it is at-the-money or out-of-the-money), or is automatically exercised for the amount by which it is in-the-money. The CENTER ONLINE Futures Glossary
The time an options contract lapses. Bloomberg Financial Dictionary
Corresponds to the expiration date of a contract. The last day on which an option may be exercised into the underlying futures contract. Chicago Mercantile Exchange Glossary

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expiration ex‧pir‧ation [ˌekspˈreɪʆn] noun [uncountable]
when an official document, period of time, or right to buy shares, currency etc expires; = expiry Bre:

• the expiration of the trade agreement

• The first cycle of options have expiry dates in January, April, July, and October.

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expiration UK US /ekspɪˈreɪʃən/ noun [U] US
EXPIRY(Cf. ↑expiry): »

Trading was brisk as the quarterly expiration of options and futures spurred demand for shares.

Financial and business terms. 2012.


Look at other dictionaries:

  • expiration — [ ɛkspirasjɔ̃ ] n. f. • XIVe; lat. expiratio 1 ♦ Action par laquelle les poumons expulsent l air qu ils ont inspiré. Inspiration et expiration. ⇒ respiration. Air chassé pendant l expiration. ⇒ haleine, souffle. Expiration par le nez, la bouche.… …   Encyclopédie Universelle

  • expiration — I noun cessation, close, closing, closure, completion, conclusion, consummation, death, discontinuance, discontinuation, dissolution, dying, end, ending, expiry, exspiratio, finish, limit, period, retirement, running out, stop, stoppage, term,… …   Law dictionary

  • Expiration — Ex pi*ra tion, n. [L. expiratio,exspiratio: cf. F. expiration. See {Expire}.] 1. The act of expiring; as: (a) (Physiol.) The act or process of breathing out, or forcing air from the lungs through the nose or mouth; as, respiration consists of… …   The Collaborative International Dictionary of English

  • Expiration — may refer to: *Death *Exhalation *Expiration date (disambiguation) *Expiration (film) …   Wikipedia

  • expiration — early 15c., vapor, breath, from M.Fr. expiration, from L. expirationem/exspirationem (nom. expiratio/exspiratio), noun of action from pp. stem of expirare/exspirare (see EXPIRE (Cf. expire)). Meaning termination, end, close is from 1560s …   Etymology dictionary

  • expiration — Expiration. s. fem. v. Fin d un terme convenu. Il n a plus que six mois pour l expiration de son bail …   Dictionnaire de l'Académie française

  • expiration — [n] finish, demise cessation, close, closing, conclusion, death, decease, departure, dying, elapsing, end, expiry, going, passing, termination, terminus; concepts 119,304 Ant. beginning, birth, commencement, inception, start …   New thesaurus

  • expiration — [eks΄pə rā′shən] n. [ME expiracioun < L expiratio, exspiratio < pp. of exspirare, EXPIRE] 1. a breathing out, as of air from the lungs 2. a) something breathed out b) a sound, etc. made by breathing out 3. a breathing one s last; dying …   English World dictionary

  • expiration — (èk spi ra sion ; en vers, de cinq syllabes) s. f. 1°   Terme de physiologie. Action par laquelle les poumons expulsent l air qu ils ont inspiré. C est l expiration qui donne naissance à la voix. •   Hales a prouvé qu en supposant 1 200… …   Dictionnaire de la Langue Française d'Émile Littré

  • EXPIRATION — n. f. Action d’expirer ou Résultat de cette action. Il se dit, en termes de Physiologie, de l’Action par laquelle les poumons rendent l’air qu’ils ont aspiré. La vie ne peut se soutenir sans l’inspiration et l’expiration. Il se dit aussi, en… …   Dictionnaire de l'Academie Francaise, 8eme edition (1935)

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