Examlex
A principal will be held liable for ratifying an agent's unauthorized signature.
Two-State
Usually references a model involving two possible outcomes or states, often used in finance to model investment under uncertainty.
Hedge Ratio
The ratio used to calculate the number of derivatives needed to hedge a particular risk exposure.
Hedge Ratio
A ratio used to measure the proportion of exposure that is protected from risk through hedging activities.
Dollar Change
The difference in the value of a financial instrument or market index between two points in time.
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