Examlex
Redistricting can give an advantage to one party by clustering votes with certain ideological or sociological characteristics in a single district.
British Pounds
The currency of the United Kingdom, used as a medium of exchange within the country and sometimes beyond.
Put Option
A financial contract that gives the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a set price within a specific period.
Fair Hedge
A hedge that is accounted for at fair value, with changes in fair value recognized in earnings, to offset the exposure of an identified risk.
Foreign Currency Option
A financial contract allowing the owner to convert funds from one currency to another at a predetermined rate on a specific date, without being required to do so.
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