"Contract expiration" refers to the end of a legally binding agreement between two or more parties. It means that the terms and conditions outlined in the contract are no longer valid or enforceable after a certain date. Full definition
When a contract is cash - settled, settlement takes place in the form of a credit or debit made for the value of the contract at the time of contract expiration. (us.etrade.com)
For purposes of this rule, the primary contract expiration month for CBOT DJIA Index ($ 10 Multiplier) futures contracts shall be defined as the futures contract that trades in the lead month configuration. (cannontrading.com)
Whether it's by 1 pip or 1,000 pips, it's the same profit payout at contract expiration; there is no middle ground. (babypips.com)