Examlex
A warrant is the option to buy one share of stock at $40. It expires after one year and currently sells for $10. The price of the stock is $32. What is the maximum possible profit if an investor buys one share of stock and shorts one warrant? What is the range of stock prices that yields a profit on this position?
Three-Year Lease
A rental agreement that lasts for exactly three years, often used in real estate for residential or commercial properties.
Article 2A
A section of the Uniform Commercial Code that covers leasing agreements, setting forth the laws governing leases of personal property.
Drivers Lease Company
A concept that might refer to businesses offering lease agreements for vehicles, specifically targeting drivers for personal or commercial use, though "Drivers Lease Company" as a specific term may not be widely recognized.
Oceangoing Vessel
A ship designed and equipped to travel across oceans.
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