Examlex
Adverse selection refers to a particular kind of information asymmetry problem, namely, hidden information.
Clearinghouse
Established by exchanges to facilitate transfer of securities resulting from trades. For options and futures contracts, the clearinghouse may interpose itself as a middleman between two traders.
Taxation
The process whereby authorities impose financial charges on individuals or legal entities, which can have implications for investment decisions.
Futures Trading
Involves buying and selling futures contracts which are agreements to buy or sell an asset at a future date for a price that is decided now.
Cumulative Year-End
Refers to the aggregate total of something such as earnings or dividends at the end of a fiscal year.
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