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American Put Option
A financial derivative that gives the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a predetermined price before the option's expiration.
Right to Sell
The explicit permission granted to an individual or business entity to sell a particular product or service, often within a specific territory.
Asset
An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.
American Option
Call or put option that can be exercised on or before the expiration date.
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