Examlex
Find the least common denominator for the expression.
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Put Option
A financial deal that provides the holder the privilege, yet not the compulsion, to offload a specified quantity of a basic asset at a fixed rate within an established timeframe.
Underlying Asset
The financial instrument (such as stocks, bonds, commodities) upon which derivatives and other financial instruments are based.
Troy Ounces
A measurement unit traditionally utilized for the weight of precious metals, where one troy ounce equals about 31.1035 grams.
Hedged
A financial strategy employed to reduce the risk of adverse price movements in an asset by taking an offsetting position in a related security.
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