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Options sell for a time premium over their intrinsic
Value because
Compensating Balances
A requirement by some banks for companies to maintain a minimum balance in their account as part of a loan agreement, effectively reducing the amount of usable cash.
Management Policy
Guidelines and rules set by an organization's management to direct operations and decision-making in alignment with the company's objectives.
Credit Policy
A credit policy is a set of guidelines that a company follows to determine credit limits, payment terms, and how to manage delinquent accounts for its customers.
Terms of Sale
The conditions under which a sale is made primarily with respect to payment. Terms include a date on which payment is due and often specify a prompt payment discount that may be taken if payment is made within a specified time.
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