Expiry, noun:
1. The act or process of coming to an end or termination; expiration.
2. The condition or state of being no longer valid, operative, or effective.
3. The specified or predetermined date, time, or deadline after which something is no longer valid or usable.
Expiry refers to the point at which something reaches the end of its validity, duration, or usefulness. It implies the termination or cessation of a particular period, contract, agreement, or event. The expiry of something indicates that it is no longer in effect or active.
This term commonly applies to various contexts, such as legal agreements, contracts, licenses, permits, warranties, insurance policies, or subscription services. When any of these reach their expiry, they are considered null and void or cannot be further utilized without renewal or extension.
For example, an insurance policy may have an expiry date, indicating that coverage will cease after that designated time. Similarly, an employment contract may include an expiry clause specifying the duration of the agreement. It is crucial to be aware of expiry dates to ensure timely renewals, prevent unintentional violations of legal obligations, or avoid disruption or penalties.
In summary, expiry represents the conclusion, invalidity, or the end of usefulness of something, whether it be a time period, contractual agreement, license, or any other form of documented validity.
