Examlex
Write the correct meaning for PND:
Exercise Price
The price at which an option holder can buy or sell the underlying security.
American Put
A type of put option that can be exercised at any time before its expiration date, giving the holder the right to sell the underlying asset at the strike price.
Conversion Ratio
The specific quantity of one asset or liability that can be exchanged for another, often used in the context of convertible securities.
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