Definition of "fugit" [fugit]

• The optimal date to exercise an American option (or a Bermudan option). (noun)

Wiktionary.org : Text is available under the Creative Commons Attribution-ShareAlike License

• "Many are in the shape of proverbs, e.g. _Longe fugit qui suos fugit_, _gnothi seauton_,"
• "Trouble was it was engraved, "To Chuck; Tempus fugit," except the "fugit" was worn down and looked at first glance like "To Chuck; Tempus fucks.""
• "Jen and I try to maintain a near-constant state of denial about the imminent end of "Lost," but it must be said: after tonight's show, we'll have only three episodes left before the May 23 finale and, tempus fugit, time is a'wasting and there are questions yet to be answered."