Examlex
A naked option is an option written that has no identifiable underlying asset or liability position.
Pond
A small body of still water, typically smaller than a lake, formed naturally or by artificial means.
Shallow-Water
Areas of water that are not deep, often found near the shores of bodies of water, where sunlight can penetrate to the bottom, supporting various aquatic life.
Emergent Vegetation
Plants that grow in water but emerge above its surface, typically found in wetlands or shallow waters.
Stratification
The layering of sedimentary rock or soil with differing characteristics, or the arrangement of society into different social classes or castes.
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