Examlex
The main difference between an open-end and closed-end mortgage trust indenture is that:
Obligation
A duty or commitment to do something or to pay a debt, often legally binding.
Sell
The act of transferring ownership of a product or service from one party to another in exchange for money or other compensation.
Option Contract
A contract which gives the buyer the right, but not the obligation, to buy or sell an underlying asset at a set price on or before a particular date.
Option Premium
The price paid for the right to buy or sell an underlying financial instrument at a specified strike price until the option expires.
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