TERMINAL DATE Meaning and
Definition
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Terminal date refers to the specific date or time at which a particular event, activity, or agreement comes to an end or terminates. It is often used in various contexts, including legal, financial, and project management.
In legal terms, terminal date is commonly associated with contracts, leases, or agreements. It refers to the predetermined final date on which the contractual obligations and rights of the parties involved cease to exist. This signifies the expiration or termination of the contract or agreement, after which the parties are no longer bound by its terms.
In the financial realm, terminal date may pertain to the final maturity or redemption date of a financial instrument such as a bond, loan, or insurance policy. It represents the date on which the principal amount or coverage terminates, and any outstanding interest or premiums are settled.
In project management, terminal date is significant for the completion of a project. It denotes the specific day or time when all the project tasks and activities are expected to be finished, delivering the final outcome or deliverables. This deadline enables stakeholders to track progress, allocate resources, and evaluate the success of the project.
Overall, the terminal date serves as a crucial reference point for defining the end or conclusion of various commitments, obligations, or endeavors across legal, financial, and project management domains.
Common Misspellings for TERMINAL DATE
- rerminal date
- ferminal date
- germinal date
- yerminal date
- 6erminal date
- 5erminal date
- twrminal date
- tsrminal date
- tdrminal date
- trrminal date
- t4rminal date
- t3rminal date
- teeminal date
- tedminal date
- tefminal date
- tetminal date
- te5minal date
- te4minal date
- terninal date
- terkinal date
Etymology of TERMINAL DATE
The word "terminal" originates from the Latin word "terminus", which means "boundary" or "end". The term "date" originates from the Latin word "data", meaning "given" or "assigned". In the context of "terminal date", "terminal" refers to an end or final point, while "date" refers to a specified time or point in time. Therefore, the etymology of "terminal date" can be understood as a combination of "terminus", meaning end, and "date", meaning a given or specified time.
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