Meaning of the word expiring in English

What does expiring mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

expiring

US /ɪkˈspaɪərɪŋ/
UK /ɪkˈspaɪərɪŋ/

Adjective

coming to an end; losing validity or becoming void

Example:
I need to renew my expiring passport soon.
The company is facing challenges with its expiring contracts.