Extinguishment means complete termination of rights and interests, extinguishing titles, debts, charges, powers and contractual claims. The term extinguishment denotes the complete termination or cessation of a right, title, interest, charge, debt, power, contract, or estate; it implies destruction, cancellation or wiping out of an entitlement, whether by satisfaction or by acquisition of a superior right, and is characterised in authorities and lexica as the final end of the enforceability or existence of the specified right.