Expiration refers to the date on which a contract terminates.
Several investment products have expiration dates. The most common ones are stock options. An option grants the right to buy or sell a stock or other asset as a specified price on a specified date. That right can have a market value and some are actively traded on markets like the Chicago Board Option Exchange (CBOE). When the option expires, it is void, and has no further market value.
Recent Mentions on Fool.com
- Time is Running Out on RadioShack Corporation
- Hack Attack: Will Unlicensed K-Cups Hurt Keurig 2.0 Sales?
- Pfizer, Inc. Invests in Growth... Literally
- Does a Mortgage Refinance Make Sense?
- Hackers Find a Simple Way Around Keurig 2.0 Technology
- Offshore Drilling: Why I'm Willing to Hang on to Seadrill Ltd.'s Stock