life of contract meaning

  "life of contract" in a sentence
[Economics]
The period of trading to expiry of a contract, most notably on traded derivative markets.

Examples

  1. _Pay increases ranging from 24 to 34 percent over life of contract
  2. _Significant pay increases ( 63 percent over life of contract ) and work rule improvements for Delta pilots flying Delta Express
  3. To ease their concerns, he did away with an unpopular accounting practice _ amortizing slotting fees paid to supermarkets over the life of contracts _ that many felt had the effect of exaggerating earnings.

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