Examlex
The ____________________ ball steering gear is used mostly on large cars and light trucks.
Exercise Value
Equal to the current price of the stock (underlying the option) less the strike price of the option.
Call Options
Financial contracts that give the option buyer the right, but not the obligation, to buy a stock, bond, commodity, or other asset at a specified price within a specific time period.
Strike Price
The price stated in the option contract at which the security can be bought (or sold). Also called the exercise price.
Premium
An amount paid in addition to the standard or nominal cost, often for insurance, bonds, or superior products or services.
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