Record expiration policies are another handy feature in SharePoint which allow you to define what is going to happen with your document or record as it goes through its life cycle. Do you want to delete the record? Notify someone of document expiration? Launch a custom or out-of-the-box approval process before any action takes place? Those are all choices available to you when you choose to define expiration policy of the document or record container.
Record expiration policies are so common in document and record management scenarios, that many libraries in SharePoint typically have several policies defined on a library to capture variety of document types and scenarios.
With all of the policies defined in your libraries, it might be challenging to keep track of how various rules affect each other. Similarly, when you define a set of rules for the library, you may want to implement the same set for another library on one or more sites. Sounds...