Examlex
A person is never entitled to enforce an instrument if that person is not the owner of the instrument or if that person is in wrongful possession of the instrument.
Spot Price
The current market price at which a particular asset, like a commodity, currency, or security, can be bought or sold for immediate delivery.
Futures Price
The agreed-upon price for a financial instrument or commodity to be sold or bought at a future date, used primarily in futures contracts trading.
Convergence Property
The characteristic of a mathematical series or economic model to approach a limit or a stable point over time.
Maturity
The date on which the principal amount of a bond, loan, or other financial instrument becomes due and is to be paid in full.
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