Expiration of accreditation of the program In the university Master degree transcript, if it is written that accreditation of program is valid until Jan 10, 2016, then what does that imply?
For you, who hold the degree: nothing. Your degree does not have an expiration date. It will remain valid for all uses after Jan 10, 2016.
For the department: if they want to continue enrolling students in this program and handing out this degree, they will have to renew their accreditation. This means justifying to a local or national regulating body (depending on the country and local law) the value of the degree, the seriousness of the degree-granting process, and many other such assurances.