1. The conditions and timeframe specifying when a contract, agreement, product, or service ceases to be valid or effective
The expiration terms of the insurance policy require renewal every two years.
Os prazos de vencimento da apólice de seguro exigem renovação a cada dois anos.
2. In legal and commercial contexts, the specific dates and conditions under which rights, obligations, or validity periods end
We need to review the expiration terms before signing the lease agreement.
Precisamos revisar os prazos de vencimento antes de assinar o contrato de aluguel.
3. The deadline or period specified in a contract after which it becomes void or must be renewed
The expiration terms clearly state that the agreement ends on December 31st.
Os prazos de vencimento deixam claro que o acordo termina em 31 de dezembro.