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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. Expiration dates are applied to some food products and other products like infant car seats where the age of the product may affect its safe ...
High-acid canned foods (tomatoes, fruits) will keep their best quality for 12 to 18 months; low-acid canned foods (meats, vegetables) for 2 to 5 years. [5] "Sell by date" is a less ambiguous term for what is often referred to as an "expiration date". Most food is still edible after the expiration date. [6]
These items include perishable products or consumer goods with a specified expiration date. The product with the deadline for the next intake will be the first to be served or removed from stock. FEFO is majorly used in the pharmaceutical and chemical industries where expired dates are calculated based on a batch-expired date or shelf-life time.
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This drink can usually last an additional week after the 'sell by' date. To be on the safe side smell your milk before drinking it. If the drink packs a sour smell or off-white color you're better ...
In the trading of options on financial markets, the holder of an American option is allowed to exercise the right to buy (or sell) the underlying asset at a predetermined price at any time before or at the expiry date. Therefore, the valuation of American options is essentially an optimal stopping problem.
National standard format is yyyy-mm-dd. [161] dd.mm.yyyy format is used in some places where it is required by EU regulations, for example for best-before dates on food [162] and on driver's licenses. d/m format is used casually, when the year is obvious from the context, and for date ranges, e.g. 28-31/8 for 28–31 August.