The quality or state of being terminable; the potential for something to have a defined endpoint, limit, or conclusion. In various contexts, terminability can refer to contracts, processes, or experiences that can be conclusively ended based on pre-defined criteria or conditions.
Terminability meaning with examples
- The terminability of the project was stipulated in the initial agreement, allowing either party to withdraw after a specified timeframe without any penalties. This ensured that resources would not be wasted on a venture that was not generating the expected returns.
- In philosophical discussions, the concept of terminability often arises when considering the nature of human experiences. Some argue that the finite length of life brings meaning, whereas others believe that the infinite nature of existence allows for continuous exploration and discovery.
- During the software development meeting, the team discussed the terminability of the application. They realized that without clear criteria for completion, the project could drag on indefinitely and potentially exceed its budget and timeline, leading to inefficiencies.
- Understanding the terminability of a service agreement is crucial for businesses. It defines the conditions under which a contract may be terminated, protecting both parties from unexpected obligations and ensuring that they can adapt to changing circumstances.