Spanish translation: expiración de plazo / tiempo de espera agotado
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Explanation: Computing Dictionary
"Glosario de informática Inglés-Español
timeout timeout, expiración de plazo, tiempo de espera agotado . timer temporizador ..."
"Timeout: A period of time after which an error condition is raised if some event has not occured. A common example is sending a message. If the receiver does not acknowledge the message within some preset timeout period, a transmission error is assumed to have occured."