expiry

expiry
The last date an option can be traded or exercised. LIFFE
Fair pricing ( fair value)
A term used in the futures market which would represent the cash price plus the net cost of carry. In the options market, it is the value derived from the mathematical equation used ( e.g. Black-Scholes model). LIFFE

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expiry ex‧pir‧y [ɪkˈspaɪəri ǁ -ˈspaɪri] noun [uncountable]
when an official document, period of time, or right to buy shares, currency etc expires; = expiration AmE:

• The sellers' right to repossess the goods did not arise until the expiry of the credit period.

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expiry UK US /ɪkˈspaɪəri/ noun [U] UK (US expiration)
► the end of an agreement or a document after a fixed length of time: the expiry of sth »

The restrictions must apply for not more than two years beyond the expiry of any relevant employment contract.

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patent/contract/lease expiry

► FINANCE, STOCK MARKET the end of the period of time during which an option (= the right to buy or sell particular shares) can be exercised (= used): »

Friday sees the expiry of the March options series.

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a futures/options expiry


Financial and business terms. 2012.

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Look at other dictionaries:

  • expiry — expiry, expiration The primary meaning of expiry is ‘the end of the validity or duration of something’, as in on expiry of the lease at the end of the month. It is also a rather formal or euphemistic word for ‘death’. Expiration (which is,… …   Modern English usage

  • Expiry — Ex pi*ry, n. Expiration. [1913 Webster] He had to leave at the expiry of the term. Lamb. [1913 Webster] The Parliament . . . now approaching the expiry of its legal term. J. Morley. [1913 Webster] …   The Collaborative International Dictionary of English

  • expiry — index end (termination), expiration, finality, lapse (expiration) Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • expiry — close, termination, 1752, from EXPIRE (Cf. expire) + Y (Cf. y) (1). Meaning dying, death is from 1790 …   Etymology dictionary

  • expiry — [ek spī′rē, eks′pə rē] n. pl. expiries [ EXPIRE + Y1] 1. Brit. a coming to an end; termination 2. Archaic death …   English World dictionary

  • expiry — ex|pir|y [ıkˈspaıəri US ˈspaıri] n [U] BrE 1.) the end of a period of time during which an official document can legally be used, or the end of a period of authority American Equivalent: expirationexpiry of ▪ the formal expiry of the presidential …   Dictionary of contemporary English

  • expiry — [[t]ɪkspa͟ɪ͟əri[/t]] N UNCOUNT: oft N of n, N n The expiry of something such as a contract, deadline, or visa is the time that it comes to an end or stops being valid. ...the expiry of a fixed term contract... Make a note of credit card numbers… …   English dictionary

  • expiry — noun (U) BrE 1 the end of a period of time during which an official document can be used, or of a period of authority; expiration AmE 2 expiry date the date on which something can no longer be used: Check the expiry date on your passport …   Longman dictionary of contemporary English

  • expiry — noun Expiry is used before these nouns: ↑date …   Collocations dictionary

  • expiry — UK [ɪkˈspaɪərɪ] / US [ɪkˈspaɪrɪ] noun [uncountable] British the end of a period of time during which an agreement, offer, or official document exists or can be used the expiry of a lease …   English dictionary

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