The term of this contract is until March next year.
My passport's validity period is about to expire.
deadline; time limit; cutoff date
Emphasizes the final point by which something must be completed, submitted, or paid. Common in work, school, and administrative settings. Related compound: 期限切れ (expired).
See also: 期限切れ
The deadline for submitting the report is noon tomorrow.
If you miss the payment deadline, a late fee will be charged.
Please submit the report within the deadline.
Please return it by the deadline.
I submitted the report by keeping to the deadline.
I missed the payment deadline.
The company set a deadline for applications.
The term of the contract has arrived.
期限 means 'deadline' or 'expiration date', focusing on the end point, whereas 時限 refers more broadly to a bounded time period or limit.
best-before date; use-by date; expiry date
tax payment deadline; due date for tax