Examlex
In a totalitarian state, the ____________________ would be all; the ____________________, nothing.
Derivative Securities
Financial instruments whose value is derived from the value of one or more underlying assets or benchmarks.
Contingent Claims
Financial derivatives that pay out based on the occurrence of specific events or conditions, such as options or certain types of insurance contracts.
Exercise
In financial terms, it refers to the act of invoking the right to buy or sell the underlying asset in a derivative contract.
Payoffs
The potential financial returns or losses from an investment, transaction, or strategy, often evaluated at the time of an investment's maturity or closure.
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