Examlex
The peppered moth provides a well-known example of natural selection. The light-colored form of the moth was predominant in England before the Industrial Revolution. In the mid-19th century, a dark-colored form appeared. The difference is produced by a dominant allele of one gene. By about 1900, approximately 90% of the moths around industrial areas were dark colored, whereas light-colored moths were still abundant elsewhere. Apparently, birds could readily find the light moths against the soot-darkened background in industrial areas and, therefore, were eating more light moths. Recently, use of cleaner fuels has greatly reduced soot in the landscape, and the dark-colored moths have been disappearing. Should the two forms of moths be considered separate species?
Option Contract
A financial derivative that gives the buyer the right, but not the obligation, to buy or sell an asset at an agreed price within a specific time period.
Legal Obligation
A duty imposed by law that requires an individual or entity to adhere to a prescribed course of action.
About $100,000
An approximate amount of money or financial value, indicating a sum close to one hundred thousand dollars.
Closing Costs
Fees and expenses paid during the closure of a real estate transaction, generally by the buyer and seller.
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