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expiries

Expiries, in general terms, refer to the end of a product’s or document’s period of validity. The word is commonly used to describe the dates after which certain items may no longer be considered safe, effective, or legally enforceable. The concept appears in consumer goods, healthcare, finance, and law, among other areas, and its specifics vary by context and jurisdiction.

In consumer goods, expiries are most visible on packaging. Two related concepts often appear: use-by dates and

In pharmaceuticals, the expiry date marks the last day the manufacturer guarantees full potency and safety,

In finance, law, and digital services, expiries denote the ending of a contract, option, license, or subscription.

Expiries are routinely managed through inventory control methods such as first-expire-first-out (FEFO) to minimize waste and

best-before
dates.
A
use-by
date
typically
indicates
safety
guidance
for
perishable
foods
and
medicines;
consuming
items
past
this
date
may
pose
health
risks.
A
best-before
date
relates
to
quality
rather
than
safety;
items
may
still
be
safe
to
use
after
this
date,
but
taste,
texture,
or
potency
could
decline.
Storage
conditions
can
extend
or
shorten
expiry
periods,
and
improper
storage
is
a
common
cause
of
premature
expiry.
assuming
proper
storage.
After
expiry,
strength
and
reliability
may
diminish,
and
regulatory
guidelines
may
require
disposal.
Lot
numbers
and
lot-level
tracking
help
manage
expiries
and
ensure
integrity
across
supply
chains.
An
option
contract
expires
on
its
specified
date;
licenses
may
need
renewal,
and
subscription
services
terminate
when
the
expiry
date
passes
unless
renewed.
risk.
Etymologically,
expiry
derives
from
phrases
indicating
the
end
or
breath
out,
with
usage
varying
by
region,
where
some
prefer
expiration
or
due
date
in
different
contexts.