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What (who) is extinguishment - definition
extinguishment
DESTRUCTION OR NULLIFICATION OF A RIGHT OR CONTRACT
Extinguishments
n. the cancellation or destruction of a right, quite often because the time for enforcement has passed. Example: waiting more than four years after the due date to make a demand for payment on a promissory note wipes out the person's right to collect the money owed to him/her. It can also occur by fulfilling the obligation so no further money or performance is due.
Extinguishment
DESTRUCTION OR NULLIFICATION OF A RIGHT OR CONTRACT
Extinguishments
·noun The annihilation or extinction of a right or obligation.
II. Extinguishment ·noun The act of extinguishing, putting out, or quenching, or the state of being extinguished; extinction; suppression; destruction; nullification; as, the extinguishment of fire or flame, of discord, enmity, or jealousy, or of love or affection.
extinguishment
DESTRUCTION OR NULLIFICATION OF A RIGHT OR CONTRACT
Extinguishments
Wikipedia
Extinguishment
In contract law, extinguishment is the destruction of a right or contract. Rawle, Francis; Bouvier, John.
Examples of use of extinguishment
1. The documents reportedly discussed "extinguishment" of third–party interests, a reference to the school‘s lease.