Examlex
The principle of punishment states: If, in a given situation, somebody does something that is immediately followed by the withdrawal of a punisher, then that person is less likely to do the same thing again when he or she next encounters a similar situation.
Call Option
An economic agreement granting the purchaser the option to acquire an asset at a predetermined price during a designated timeframe, without being compelled to do so.
Market Price
The existing cost at which an asset or service is being offered for buying or selling in the market.
American Put Option
An option contract giving the holder the right to sell an asset at a specified price at any time before the expiration date.
Expiration Date
The specific date on which an options or futures contract becomes void and the holder must settle their position by either selling or exercising the contract.
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