Examlex
The type of club that is predominantly business oriented is a:
• professional club
• social club
• city club
• military club
Expiration Date
The last day on which an option or futures contract is valid or can be exercised.
Option
A financial derivative that gives the buyer the right, but not the obligation, to buy or sell an underlying asset at an agreed-upon price within a specific timeframe.
Exercised
In financial terms, refers to the act of utilizing the rights provided by a derivative contract, such as executing a buy or sell order under the terms of an option contract.
American Call Option
A financial contract that gives the holder the right, but not the obligation, to buy a specified amount of an underlying asset at a specified price within a certain time period.
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