On Expiry Date Meaning?

the date on which something comes to an end, can no longer be used, or is no longer safe to be eaten. the expiry date on your credit card.

Does expire on mean that day?

An expiration date or expiry date is a previously determined date after which something should no longer be used, either by operation of law or by exceeding the anticipated shelf life for perishable goods. ... Such products can be eaten after their Best before date at the discretion of the consumer.

What will happen on expiry date?

Description: On the expiry date, the derivative contract is finally settled between the buyer and seller. The settlement happens in either of the following ways: ... In case of Indian stock exchanges, the expiry date is the last working Thursday of the month when the contract expires.