- expiry
- The last date an option can be traded or exercised. LIFFEFair 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.
»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.
»a futures/options expiry
Financial and business terms. 2012.