Examlex
If tangible personal property is depreciated using the half-year convention and is disposed of during the first quarter of a subsequent year, the taxpayer must use the mid-quarter convention for the year of disposition.
Debt
An amount of money borrowed by one party from another, usually with the condition of repayment with interest.
Put Contract
A financial contract granting the owner the privilege to sell a certain asset at a predetermined price during a set period.
Option Price
The amount paid for the option itself, representing the price to buy (call) or sell (put) an underlying asset by a specific date at a specified price.
Exercise Price
The cost at which an option's possessor has the right to acquire (if it's a call option) or divest (if it's a put option) the asset underlying the option.
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